Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,948 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,187 shares of the insurance provider’s stock after acquiring an additional 5,948 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Travelers Companies were worth $26,031,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC acquired a new position in Travelers Companies during the first quarter worth $35,000. Wolff Wiese Magana LLC raised its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter worth $50,000. Finally, Salomon & Ludwin LLC lifted its stake in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TRV shares. Roth Mkm upped their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Finally, Barclays raised their price target on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $251.15.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $266.04 on Friday. The business has a fifty day moving average price of $249.31 and a two-hundred day moving average price of $227.58. The stock has a market capitalization of $60.40 billion, a PE ratio of 13.64, a P/E/G ratio of 1.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $177.61 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the business earned $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. As a group, equities analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio is 21.54%.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock valued at $20,295,856 over the last three months. 1.33% of the stock is owned by insiders.

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.