Allianz SE Invests $209,000 in The Travelers Companies, Inc. (NYSE:TRV)

Allianz SE purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 870 shares of the insurance provider’s stock, valued at approximately $209,000.

Other hedge funds have also added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC bought a new stake in Travelers Companies during the fourth quarter worth $37,000. True Wealth Design LLC purchased a new stake in Travelers Companies in the 3rd quarter valued at $41,000. Asset Planning Inc bought a new position in Travelers Companies during the 4th quarter valued at $44,000. Finally, Providence First Trust Co purchased a new position in Travelers Companies during the 4th quarter worth $48,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TRV. BMO Capital Markets increased their target price on shares of 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 reiterated a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Finally, Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Performance

Shares of TRV stock opened at $264.46 on Tuesday. The firm’s 50 day moving average is $251.05 and its 200 day moving average is $248.29. The stock has a market capitalization of $59.96 billion, a P/E ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.01 earnings per share. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s payout ratio is presently 19.56%.

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.