EFG International AG Buys New Holdings in The Travelers Companies, Inc. $TRV

Key Points

• EFG International AG purchased 7,580 shares of Travelers Companies during the second quarter, valued at approximately $1.67 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, far exceeding the $5.41 analyst consensus, while revenue reached $12.15 billion versus expectations of $11.26 billion. The stock opened at $371.02, near its 12-month high of $398.70.
• The company declared a quarterly dividend of $1.25 per share, equivalent to a $5.00 annualized payout and a 1.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $354.26, while insiders have sold more than 52,000 shares over the past 90 days.

EFG International AG purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,580 shares of the insurance provider's stock, valued at approximately $1,670,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. HHM Wealth Advisors LLC raised its position in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after buying an additional 51 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Travelers Companies during the first quarter worth $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies during the second quarter valued at $26,000. Kilter Group LLC purchased a new position in Travelers Companies during the second quarter valued at $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Travelers Companies in the 4th quarter valued at $26,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.4%

TRV opened at $371.02 on Thursday. The stock has a 50-day moving average of $356.08 and a 200 day moving average of $319.95. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The firm has a market cap of $77.39 billion, a P/E ratio of 9.94, a P/E/G ratio of 3.51 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $6.51 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The business 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 dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies's dividend payout ratio is presently 13.39%.

Insider Activity at Travelers Companies

In related news, EVP David Donnay Rowland sold 5,000 shares of the firm's stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares of the company's stock, valued at $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,667 shares of company stock worth $19,611,829 in the last ninety days. Corporate insiders own 1.39% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on TRV shares. Mizuho boosted their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Roth Capital raised their price objective on Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. HSBC boosted their target price on Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a research report on Monday, July 6th. Finally, The Goldman Sachs Group cut Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price target for the company. in a report on Monday, July 20th. Four equities 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $354.26.

Travelers Companies Profile

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.

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