The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Fairfield Bush & CO. acquired a new stake in Travelers Companies during the first quarter worth about $160,000. Cibc World Market Inc. increased its stake in Travelers Companies by 28.8% during the first quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock worth $1,084,000 after acquiring an additional 1,327 shares during the last quarter. Vontobel Holding Ltd. boosted 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 worth $2,210,000 after buying an additional 115 shares during the period. Blair William & Co. IL boosted 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 worth $9,420,000 after buying an additional 14,873 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Travelers Companies by 5.0% in 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 during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the sale, the insider now directly owns 255,178 shares in the company, valued at approximately $54,291,671.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,775 shares of company stock worth $23,343,903. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Stock Down 7.4 %

Shares of Travelers Companies stock opened at $206.58 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $221.87 and its 200-day simple moving average is $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 twelve month low of $157.33 and a twelve month high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.74 by ($0.05). The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.11 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.64 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is presently 31.27%.

Wall Street Analysts Forecast Growth

TRV has been the subject of several analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Piper Sandler reissued a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a report on Monday, April 1st. JPMorgan Chase & Co. increased their price target on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a report on Monday, April 8th. Janney Montgomery Scott began coverage on Travelers Companies in a report on Wednesday, December 20th. They issued a “buy” rating and a $215.00 price target for the company. Finally, Keefe, Bruyette & Woods increased their price target on Travelers Companies from $215.00 to $241.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $217.00.

Travelers Companies 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.