The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG increased its holdings in The Travelers Companies by 10.5%, owning a total of 37,173 shares after acquiring an additional 3,527 shares in the first quarter.
• Travelers Companies reported $6.51 earnings per share for the last quarter, significantly exceeding the consensus estimate of $3.52, alongside revenues of $11.54 billion.
• The company announced a quarterly dividend of $1.10 per share, with a dividend yield of 1.7%, to be paid on September 30th.

Raiffeisen Bank International AG grew its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,173 shares of the insurance provider's stock after purchasing an additional 3,527 shares during the period. Raiffeisen Bank International AG's holdings in Travelers Companies were worth $9,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bearing Point Capital LLC increased its stake in Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock worth $522,000 after buying an additional 38 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of Travelers Companies by 0.9% during the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after acquiring an additional 39 shares in the last quarter. Smith Salley Wealth Management lifted its stake in Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after purchasing an additional 44 shares in the last quarter. Northern Financial Advisors Inc boosted its holdings in Travelers Companies by 0.7% during the 1st quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock valued at $1,739,000 after acquiring an additional 45 shares during the period. Finally, Baker Avenue Asset Management LP lifted its holdings in Travelers Companies by 0.3% during the 1st quarter. Baker Avenue Asset Management LP now owns 14,182 shares of the insurance provider's stock worth $3,751,000 after buying an additional 45 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.8%

Shares of NYSE TRV traded down $2.18 during trading on Thursday, reaching $265.40. The stock had a trading volume of 974,551 shares, compared to its average volume of 1,341,108. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $59.75 billion, a P/E ratio of 11.74, a PEG ratio of 3.07 and a beta of 0.51. The Travelers Companies, Inc. has a fifty-two week low of $208.63 and a fifty-two week high of $277.83. The business's 50-day moving average price is $263.56 and its 200-day moving average price is $258.23.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. Travelers Companies's quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.7%. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRV. Citigroup reissued a "market perform" rating on shares of Travelers Companies in a report on Monday, July 21st. Evercore ISI increased their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $279.82.

Insider Buying and Selling

In other news, insider Avrohom J. Kess sold 23,434 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the completion of the sale, the insider directly owned 48,387 shares in the company, valued at $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the sale, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,374 shares of company stock valued at $47,929,912. 1.46% of the stock is owned by company insiders.

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.