J. Safra Sarasin Holding AG Acquires New Holdings in The Travelers Companies, Inc. $TRV

Key Points

• J. Safra Sarasin Holding AG acquired a new stake of 6,814 shares in The Travelers Companies, Inc., valued at approximately $1.823 million, during the second quarter.
• Institutional investors collectively own 82.45% of Travelers Companies, with other firms like Pure Financial Advisors LLC increasing their stakes significantly by over 105% during the same period.
• Travelers Companies recently announced a quarterly dividend of $1.10 per share, accounting for an annualized yield of 1.5%, with a payout ratio of 19.46%.

J. Safra Sarasin Holding AG purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 6,814 shares of the insurance provider's stock, valued at approximately $1,823,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Warren Street Wealth Advisors LLC grew its stake in Travelers Companies by 5.3% in the second quarter. Warren Street Wealth Advisors LLC now owns 938 shares of the insurance provider's stock valued at $251,000 after purchasing an additional 47 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in Travelers Companies by 105.3% in the second quarter. Pure Financial Advisors LLC now owns 2,156 shares of the insurance provider's stock worth $577,000 after purchasing an additional 1,106 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Travelers Companies by 86.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider's stock worth $197,686,000 after purchasing an additional 342,666 shares during the last quarter. BSW Wealth Partners grew its holdings in Travelers Companies by 2.6% in the second quarter. BSW Wealth Partners now owns 6,649 shares of the insurance provider's stock worth $1,779,000 after purchasing an additional 166 shares during the last quarter. Finally, USA Financial Formulas purchased a new position in Travelers Companies during the 2nd quarter worth $868,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TRV has been the topic of several research analyst reports. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wolfe Research started coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a "peer perform" rating on the stock. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Finally, Evercore ISI reissued an "outperform" rating on shares of Travelers Companies in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $284.56.

Travelers Companies Stock Up 1.7%

TRV stock opened at $284.93 on Friday. The firm's fifty day simple moving average is $271.60 and its 200-day simple moving average is $265.45. The company has a market capitalization of $64.15 billion, a P/E 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 Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $286.17.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the firm earned $2.51 EPS. The business's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.