The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 21.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 821,969 shares of the insurance provider’s stock after purchasing an additional 144,993 shares during the quarter. Deutsche Bank AG owned approximately 0.36% of Travelers Companies worth $198,004,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Travelers Companies by 236.9% in the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock valued at $844,854,000 after purchasing an additional 2,466,098 shares during the last quarter. Norges Bank acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $560,918,000. Balyasny Asset Management L.P. grew its holdings in Travelers Companies by 153.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock worth $360,694,000 after buying an additional 907,266 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $138,619,000. Finally, Proficio Capital Partners LLC bought a new stake in Travelers Companies during the 4th quarter valued at $96,012,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.4 %

NYSE:TRV opened at $269.65 on Friday. The stock has a market cap of $61.09 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $273.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s 50-day moving average is $257.51 and its two-hundred day moving average is $251.57.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the prior year, the business earned $4.69 EPS. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is 23.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TRV shares. Barclays cut their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Evercore ISI upped their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Monday, March 24th. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $267.32.

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.