Raiffeisen Bank International AG Raises Stock Position in The Travelers Companies, Inc. $TRV

Raiffeisen Bank International AG grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 8.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,895 shares of the insurance provider’s stock after buying an additional 2,439 shares during the period. Raiffeisen Bank International AG’s holdings in Travelers Companies were worth $9,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TRV. Osterweis Capital Management Inc. grew its stake in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Travelers Companies in the 4th quarter worth $28,000. Entrust Financial LLC purchased a new position in shares of Travelers Companies in the 4th quarter worth $31,000. Navalign LLC purchased a new position in shares of Travelers Companies in the 4th quarter worth $35,000. Finally, eCIO Inc. purchased a new position in shares of Travelers Companies in the 4th quarter worth $37,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at $1,607,678.10. The trade was a 35.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,573 shares of company stock worth $11,504,146 over the last ninety days. 1.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on TRV shares. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research note on Tuesday, May 26th. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Barclays lifted their price target on shares of Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, BMO Capital Markets lifted their price target on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $311.47.

Travelers Companies Price Performance

TRV stock opened at $304.09 on Friday. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $299.94 and a 200 day moving average price of $294.44. The stock has a market cap of $64.66 billion, a PE ratio of 9.05, a P/E/G ratio of 2.74 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the company earned $1.91 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 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 1.6%. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is 14.88%.

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.