Zurcher Kantonalbank Zurich Cantonalbank Has $19.32 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 101,426 shares of the insurance provider’s stock after acquiring an additional 1,163 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Travelers Companies were worth $19,321,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRV. Fairfield Bush & CO. acquired a new stake in shares of Travelers Companies in the first quarter valued at about $160,000. Cibc World Market Inc. grew its position in shares of Travelers Companies by 28.8% in the first quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock valued at $1,084,000 after purchasing an additional 1,327 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Travelers Companies by 1.0% in the first quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after purchasing an additional 115 shares during the last quarter. Blair William & Co. IL grew its position in shares of Travelers Companies by 40.6% in the first quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock valued at $9,420,000 after purchasing an additional 14,873 shares during the last quarter. Finally, Sei Investments Co. grew its position in Travelers Companies by 5.0% during the first quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock worth $4,952,000 after buying an additional 1,286 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $206.58 on Thursday. The firm has a fifty day moving average of $221.87 and a two-hundred day moving average of $196.17. The stock has a market capitalization of $47.33 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.17 and a beta of 0.58. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.74 by ($0.05). Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the previous year, the firm posted $4.11 EPS. The business’s revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.64 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 2.03%. Travelers Companies’s payout ratio is 31.27%.

Analyst Ratings Changes

A number of research firms recently weighed in on TRV. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, March 29th. Janney Montgomery Scott initiated coverage on Travelers Companies in a report on Wednesday, December 20th. They set a “buy” rating and a $215.00 price objective on the stock. TD Cowen initiated coverage on Travelers Companies in a report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Finally, Citigroup lifted their target price on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $217.00.

Insider Activity

In other news, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the transaction, the senior vice president now owns 719 shares of the company’s stock, valued at approximately $153,046.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Paul E. Munson sold 2,121 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the transaction, the senior vice president now directly owns 719 shares of the company’s stock, valued at approximately $153,046.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock valued at $23,343,903 in the last quarter. Company insiders own 1.33% of the company’s stock.

About Travelers Companies

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.