Edmond DE Rothschild Holding S.A. Buys Shares of 4,831 The Travelers Companies, Inc. $TRV

Edmond DE Rothschild Holding S.A. bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,831 shares of the insurance provider’s stock, valued at approximately $1,065,000.

A number of other institutional investors have also modified their holdings of the company. Strathmore Capital Advisors Inc. purchased a new position in shares of Travelers Companies in the 2nd quarter worth approximately $260,000. United Bank purchased a new stake in Travelers Companies during the second quarter valued at approximately $2,536,000. Uptick Partners LLC acquired a new stake in Travelers Companies in the second quarter valued at approximately $481,000. CM Wealth Advisors LLC acquired a new stake in Travelers Companies in the second quarter valued at approximately $242,000. Finally, Madison Asset Management LLC purchased a new position in Travelers Companies in the second quarter worth $594,000. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the sale, the executive vice president directly owned 9,213 shares in the company, valued at approximately $3,393,884.94. The trade was a 63.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 62,667 shares of company stock worth $22,688,329 in the last ninety days. 1.39% of the stock is owned by company insiders.

Travelers Companies Price Performance

Shares of TRV opened at $364.79 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company’s fifty day moving average price is $351.09 and its 200-day moving average price is $317.80. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The firm has a market capitalization of $76.09 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.51 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 13.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TRV shares. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Morgan Stanley raised their price target on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Finally, UBS Group boosted their price target on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $354.26.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.