Raiffeisen Bank International AG Buys 2,439 Shares of The Travelers Companies, Inc. $TRV

Raiffeisen Bank International AG grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 8.3% in the 4th quarter, HoldingsChannel reports. The firm owned 31,895 shares of the insurance provider’s stock after buying an additional 2,439 shares during the quarter. Raiffeisen Bank International AG’s holdings in Travelers Companies were worth $9,325,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Osterweis Capital Management Inc. raised its holdings in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $28,000. Entrust Financial LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $31,000. Navalign LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $35,000. Finally, eCIO Inc. bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $37,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TRV. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Piper Sandler boosted their price target on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research report on Tuesday, May 26th. Brean Capital started coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Finally, Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $311.47.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. The trade was a 51.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,573 shares of company stock worth $11,504,146 in the last 90 days. 1.39% of the stock is owned by insiders.

Travelers Companies Stock Up 0.2%

Shares of Travelers Companies stock opened at $304.09 on Friday. The firm’s 50 day moving average price is $299.94 and its 200-day moving average price is $294.44. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12. The company has a market cap of $64.66 billion, a P/E ratio of 9.05, a PEG ratio of 2.74 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the previous year, the firm earned $1.91 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is presently 14.88%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.