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

Raiffeisen Bank International AG purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 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 also recently modified their holdings of TRV. YANKCOM Partnership acquired a new stake in Travelers Companies in the 4th quarter valued at about $27,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $30,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $37,000. Asset Planning Inc bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $44,000. Finally, Quarry LP increased its holdings in shares of Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock worth $46,000 after acquiring an additional 152 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

Travelers Companies stock traded up $0.84 during trading hours on Monday, reaching $274.47. 866,553 shares of the stock were exchanged, compared to its average volume of 1,291,275. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $275.00. The company has a market cap of $62.19 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The stock has a 50 day moving average of $258.66 and a two-hundred day moving average of $252.15.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter last year, the business posted $4.69 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.60%. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. BMO Capital Markets raised their price target on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Barclays decreased their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Evercore ISI raised their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $270.42.

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.