Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Travelers Companies Inc (NYSE:TRV) by 7.9% in the first quarter, HoldingsChannel reports. The firm owned 63,773 shares of the insurance provider’s stock after purchasing an additional 4,654 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Travelers Companies were worth $6,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Korea Investment CORP boosted its position in Travelers Companies by 6.5% during the fourth quarter. Korea Investment CORP now owns 186,145 shares of the insurance provider’s stock worth $25,493,000 after purchasing an additional 11,400 shares during the period. Greatmark Investment Partners Inc. boosted its position in Travelers Companies by 8.0% during the fourth quarter. Greatmark Investment Partners Inc. now owns 8,270 shares of the insurance provider’s stock worth $1,133,000 after purchasing an additional 610 shares during the period. Russell Investments Group Ltd. boosted its position in Travelers Companies by 3.0% during the fourth quarter. Russell Investments Group Ltd. now owns 336,421 shares of the insurance provider’s stock worth $46,005,000 after purchasing an additional 9,881 shares during the period. Conning Inc. boosted its position in Travelers Companies by 17.6% during the fourth quarter. Conning Inc. now owns 334,674 shares of the insurance provider’s stock worth $45,834,000 after purchasing an additional 49,983 shares during the period. Finally, Community Bank N.A. boosted its position in Travelers Companies by 2.8% during the fourth quarter. Community Bank N.A. now owns 4,335 shares of the insurance provider’s stock worth $593,000 after purchasing an additional 120 shares during the period. 80.88% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on TRV shares. Keefe, Bruyette & Woods raised shares of Travelers Companies from an “underperform” rating to a “market perform” rating and set a $116.00 price objective for the company in a research report on Thursday, April 2nd. Morgan Stanley reduced their target price on shares of Travelers Companies from $130.00 to $110.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “hold” rating and set a $133.00 target price for the company in a research report on Tuesday, March 24th. Atlantic Securities raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and set a $125.00 target price for the company in a research report on Tuesday, March 24th. Finally, MKM Partners reduced their target price on shares of Travelers Companies from $160.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Travelers Companies has a consensus rating of “Hold” and a consensus target price of $128.59.

In related news, Director Philip T. Ruegger III bought 670 shares of Travelers Companies stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $118.54 per share, for a total transaction of $79,421.80. Following the completion of the acquisition, the director now directly owns 33,881 shares of the company’s stock, valued at approximately $4,016,253.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Travelers Companies stock opened at $90.31 on Friday. The business has a 50 day moving average of $99.88 and a 200-day moving average of $123.04. Travelers Companies Inc has a 1 year low of $76.99 and a 1 year high of $155.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market capitalization of $23.93 billion, a P/E ratio of 9.73, a P/E/G ratio of 1.79 and a beta of 0.88.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, April 21st. The insurance provider reported $2.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.85 by ($0.23). Travelers Companies had a net margin of 7.61% and a return on equity of 9.61%. The firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.30 billion. During the same period in the prior year, the company earned $2.83 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Travelers Companies Inc will post 9.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a $0.85 dividend. The ex-dividend date is Tuesday, June 9th. This is a boost from Travelers Companies’s previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a yield of 3.76%. Travelers Companies’s dividend payout ratio is presently 34.17%.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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