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

Edmond DE Rothschild Holding S.A. acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,831 shares of the insurance provider’s stock, valued at approximately $1,065,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC lifted its stake in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new stake in Travelers Companies during the first quarter valued at $26,000. LifeSteps Financial Inc. acquired a new stake in Travelers Companies during the second quarter valued at $26,000. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies in the fourth quarter valued at $26,000. Finally, Osterweis Capital Management Inc. raised its position in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. 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 report on Tuesday, May 26th. Barclays increased their price target on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Finally, Evercore set a $329.00 price objective on Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Performance

TRV opened at $364.79 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market cap of $76.09 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 3.44 and a beta of 0.45. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The firm’s fifty day simple moving average is $351.09 and its two-hundred day simple moving average is $317.80.

Travelers Companies (NYSE:TRV) last released its 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. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the previous year, the company earned $6.51 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

Insider Buying and Selling at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is owned by insiders.

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.