Raiffeisen Bank International AG Invests $8.07 Million in The Travelers Companies, Inc. (NYSE:TRV)

Raiffeisen Bank International AG acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 33,646 shares of the insurance provider’s stock, valued at approximately $8,071,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. ProShare Advisors LLC lifted its holdings in shares of Travelers Companies by 36.8% in the fourth quarter. ProShare Advisors LLC now owns 198,860 shares of the insurance provider’s stock worth $47,903,000 after buying an additional 53,529 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Travelers Companies by 48.3% during the 4th quarter. Quantinno Capital Management LP now owns 19,629 shares of the insurance provider’s stock valued at $4,729,000 after purchasing an additional 6,397 shares during the last quarter. Mufg Securities Americas Inc. purchased a new position in Travelers Companies during the 4th quarter valued at $807,000. Nomura Holdings Inc. bought a new stake in Travelers Companies during the 4th quarter valued at about $11,784,000. Finally, Nearwater Capital Markets Ltd purchased a new position in Travelers Companies during the 4th quarter worth $15,658,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on TRV. Wells Fargo & Company increased their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a report on Thursday, April 17th. BMO Capital Markets increased their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a report on Tuesday, April 8th. Finally, Barclays dropped their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $267.32.

Travelers Companies Stock Up 3.3%

Shares of Travelers Companies stock opened at $271.19 on Friday. The company has a market capitalization of $61.44 billion, a PE ratio of 12.63, a P/E/G ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50-day moving average of $258.28 and a 200-day moving average of $251.92. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $273.50.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same period in the previous year, the business posted $4.69 EPS. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.62%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is presently 23.95%.

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.