Zurich Insurance Group Ltd FI Makes New $25.05 Million Investment in The Travelers Companies, Inc. (NYSE:TRV)

Zurich Insurance Group Ltd FI bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 103,999 shares of the insurance provider's stock, valued at approximately $25,052,000.

Other institutional investors have also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in Travelers Companies in the 4th quarter valued at about $27,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $30,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $37,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $44,000. Finally, Quarry LP raised its position in shares of Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after buying an additional 152 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRV. StockNews.com raised Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, Barclays dropped their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and a consensus target price of $270.42.

Travelers Companies Stock Performance

NYSE TRV opened at $273.68 on Wednesday. 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 Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $275.03. The company has a market capitalization of $62.01 billion, a PE ratio of 12.75, a P/E/G ratio of 4.65 and a beta of 0.53. The company has a fifty day moving average of $259.45 and a two-hundred day moving average of $252.50.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $10.97 billion. During the same period in the prior year, the company earned $4.69 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. 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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.