J. Safra Sarasin Holding AG Invests $1.82 Million in The Travelers Companies, Inc. $TRV

J. Safra Sarasin Holding AG purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,814 shares of the insurance provider’s stock, valued at approximately $1,823,000.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its position in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after buying an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in shares of Travelers Companies during the 1st quarter valued at approximately $26,000. Missouri Trust & Investment Co lifted its holdings in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Travelers Companies during the first quarter valued at $32,000. Finally, Nova Wealth Management Inc. purchased a new position in Travelers Companies during the second quarter valued at $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of a number of research reports. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Wednesday. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. UBS Group raised their target price on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Finally, Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $284.56.

Insiders Place Their Bets

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Travelers Companies Price Performance

Shares of TRV stock opened at $284.93 on Friday. The company has a market capitalization of $64.15 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 3.22 and a beta of 0.51. 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 firm’s 50-day moving average is $271.60 and its two-hundred day moving average is $265.45. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $286.17.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.51 EPS. Analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were given a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is currently 19.46%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.