8,510 Shares in The Travelers Companies, Inc. $TRV Acquired by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. Ltd Zurich acquired 8,510 Travelers shares in the third quarter, valued at about $3.05 million. Institutional investors collectively own 82.45% of the insurer’s stock.
• Travelers reported quarterly EPS of $9.18, beating estimates of $7.39, and revenue of $12.41 billion versus expectations of $11.36 billion; revenue was down 0.5% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $366.37. The company also declared a quarterly dividend of $1.25 per share, equivalent to a 1.3% annual yield.

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,510 shares of the insurance provider's stock, valued at approximately $3,054,000.

A number of other hedge funds have also bought and sold shares of TRV. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Travelers Companies in the second quarter valued at approximately $4,447,000. Bank of Nova Scotia bought a new position in Travelers Companies during the second quarter valued at $19,949,000. Haverford Trust Co purchased a new stake in Travelers Companies in the second quarter worth $1,723,000. Sumitomo Life Insurance Co. purchased a new stake in Travelers Companies in the second quarter worth $1,676,000. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of Travelers Companies by 34.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 13,006 shares of the insurance provider's stock valued at $3,794,000 after buying an additional 3,342 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings raised Travelers Companies from a "buy (a)" rating to a "buy (a+)" rating in a research report on Friday, October 9th. UBS Group reissued a "neutral" rating on shares of Travelers Companies in a report on Monday, October 19th. Citigroup restated a "neutral" rating on shares of Travelers Companies in a research note on Friday, October 16th. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Travelers Companies in a research report on Monday, October 19th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $366.37.

Travelers Companies Stock Performance

NYSE:TRV opened at $395.06 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $268.00 and a 52-week high of $407.86. The firm has a market cap of $80.97 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 2.76 and a beta of 0.40. The business's fifty day moving average is $375.72 and its 200 day moving average is $330.78.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business had revenue of $12.41 billion for the quarter, compared to analysts' expectations of $11.36 billion. During the same quarter in the prior year, the firm posted $8.14 EPS. The firm's quarterly revenue was down .5% on a year-over-year basis. Research analysts predict that The Travelers Companies, Inc. will post 36.27 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies's dividend payout ratio is 13.11%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Andy Bessette sold 3,000 shares of the firm's stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $399.35, for a total value of $1,198,050.00. Following the completion of the transaction, the executive vice president directly owned 18,285 shares of the company's stock, valued at $7,302,114.75. This trade represents a 14.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Rowland sold 5,000 shares of the business's stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $405.62, for a total transaction of $2,028,100.00. Following the transaction, the executive vice president owned 10,479 shares of the company's stock, valued at $4,250,491.98. This trade represents a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 180,287 shares of company stock worth $71,713,050. Company insiders own 1.39% of the company's stock.

Travelers Companies Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers' compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.

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