Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,948 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,187 shares of the insurance provider's stock after buying an additional 5,948 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Travelers Companies were worth $26,031,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Blueshift Asset Management LLC lifted its holdings in Travelers Companies by 183.7% during the 3rd quarter. Blueshift Asset Management LLC now owns 3,719 shares of the insurance provider's stock worth $871,000 after purchasing an additional 2,408 shares during the last quarter. Townsquare Capital LLC increased its stake in Travelers Companies by 52.5% in the third quarter. Townsquare Capital LLC now owns 9,676 shares of the insurance provider's stock valued at $2,265,000 after acquiring an additional 3,332 shares during the last quarter. Cadence Bank grew its stake in shares of Travelers Companies by 1.4% in the third quarter. Cadence Bank now owns 8,474 shares of the insurance provider's stock worth $1,984,000 after purchasing an additional 114 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new position in shares of Travelers Companies during the third quarter valued at approximately $1,219,000. Finally, Brooklyn Investment Group grew its position in shares of Travelers Companies by 3.8% during the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider's stock valued at $294,000 after acquiring an additional 46 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE TRV traded down $0.62 during trading hours on Friday, hitting $266.04. 770,668 shares of the company's stock traded hands, compared to its average volume of 1,304,414. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The business's fifty day moving average price is $249.31 and its two-hundred day moving average price is $227.58. The Travelers Companies, Inc. has a 52 week low of $177.61 and a 52 week high of $269.55. The firm has a market capitalization of $60.40 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $11.46 billion. During the same quarter in the prior year, the firm posted $1.95 EPS. Travelers Companies's quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio is presently 21.54%.

Analyst Ratings Changes

A number of research firms recently commented on TRV. Deutsche Bank Aktiengesellschaft increased their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a "hold" rating in a research report on Wednesday, August 7th. Roth Mkm increased their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a report on Monday, October 21st. UBS Group lifted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the company a "sell" rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group upped their target price on Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $251.15.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares of the company's stock, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock valued at $20,295,856 over the last three months. 1.33% of the stock is owned by 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.