Commerzbank Aktiengesellschaft FI Buys 4,616 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Commerzbank Aktiengesellschaft FI raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,991 shares of the insurance provider’s stock after purchasing an additional 4,616 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Travelers Companies were worth $5,692,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Liberty One Investment Management LLC raised its stake in shares of Travelers Companies by 6.9% in the second quarter. Liberty One Investment Management LLC now owns 18,477 shares of the insurance provider’s stock valued at $3,757,000 after purchasing an additional 1,197 shares in the last quarter. Dakota Wealth Management raised its stake in shares of Travelers Companies by 1.9% in the 2nd quarter. Dakota Wealth Management now owns 8,336 shares of the insurance provider’s stock valued at $1,695,000 after buying an additional 153 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Travelers Companies during the 2nd quarter worth about $3,388,000. Meridian Investment Counsel Inc. boosted its position in shares of Travelers Companies by 4.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 20,141 shares of the insurance provider’s stock valued at $4,095,000 after acquiring an additional 920 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Travelers Companies by 1.6% in the second quarter. Nisa Investment Advisors LLC now owns 90,198 shares of the insurance provider’s stock valued at $18,341,000 after acquiring an additional 1,442 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TRV. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Citigroup upped their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Finally, TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $223.78.

Travelers Companies Stock Down 0.9 %

Shares of NYSE TRV opened at $217.02 on Wednesday. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The firm’s 50-day moving average is $210.12 and its 200-day moving average is $215.39. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $49.47 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.11 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the previous year, the business posted $0.06 earnings per share. Travelers Companies’s revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 17.23 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Company 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.