Commerzbank Aktiengesellschaft FI Grows Stake in The Travelers Companies, Inc. (NYSE:TRV)

Commerzbank Aktiengesellschaft FI boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,255 shares of the insurance provider’s stock after acquiring an additional 2,634 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Travelers Companies were worth $8,011,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Financial Advocates Investment Management bought a new position in shares of Travelers Companies in the 3rd quarter worth approximately $228,000. Farther Finance Advisors LLC raised its position in Travelers Companies by 8.1% in the third quarter. Farther Finance Advisors LLC now owns 2,510 shares of the insurance provider’s stock worth $588,000 after acquiring an additional 189 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Travelers Companies by 23.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,664 shares of the insurance provider’s stock worth $428,000 after acquiring an additional 318 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Travelers Companies by 1.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 200,026 shares of the insurance provider’s stock valued at $46,830,000 after acquiring an additional 2,896 shares during the period. Finally, Confluence Wealth Services Inc. purchased a new stake in shares of Travelers Companies in the 3rd quarter worth $209,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TRV. 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 report on Wednesday, January 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $261.05.

Travelers Companies Trading Up 0.9 %

Shares of TRV opened at $260.77 on Tuesday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company’s fifty day moving average is $243.60 and its 200 day moving average is $243.72. The stock has a market capitalization of $59.12 billion, a PE ratio of 12.15, a P/E/G ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

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.