Deutsche Bank AG Makes New $301.77 Million Investment in The Travelers Companies, Inc. $TRV

Deutsche Bank AG bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 914,127 shares of the insurance provider’s stock, valued at approximately $301,772,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Travelers Companies in the 4th quarter worth $276,000. WINTON GROUP Ltd bought a new stake in Travelers Companies in the second quarter valued at approximately $382,000. CIBC Asset Management Inc raised its stake in Travelers Companies by 13.9% during the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after buying an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Travelers Companies by 2.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after purchasing an additional 2,117 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the transaction, the executive vice president directly owned 9,213 shares of the company’s stock, valued at $3,393,884.94. This trade represents a 63.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

NYSE TRV opened at $367.96 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market cap of $76.74 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The firm’s 50-day simple moving average is $348.71 and its two-hundred day simple moving average is $316.68.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $6.51 earnings per share. Research analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRV. UBS Group raised their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Mizuho increased their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research note on Tuesday, May 26th. Finally, Barclays raised their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $354.26.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.