The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Citizens Business Bank

Citizens Business Bank lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 95.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,356 shares of the insurance provider's stock after acquiring an additional 21,711 shares during the period. Travelers Companies accounts for approximately 2.0% of Citizens Business Bank's investment portfolio, making the stock its 10th biggest holding. Citizens Business Bank's holdings in Travelers Companies were worth $10,685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its position in Travelers Companies by 21.4% during the 4th quarter. Deutsche Bank AG now owns 821,969 shares of the insurance provider's stock worth $198,004,000 after purchasing an additional 144,993 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Travelers Companies by 44.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,902 shares of the insurance provider's stock worth $1,422,000 after buying an additional 1,820 shares during the period. EP Wealth Advisors LLC raised its stake in shares of Travelers Companies by 22.8% in the 4th quarter. EP Wealth Advisors LLC now owns 7,526 shares of the insurance provider's stock valued at $1,813,000 after acquiring an additional 1,397 shares during the period. Colonial Trust Co SC grew its position in Travelers Companies by 6.9% in the fourth quarter. Colonial Trust Co SC now owns 1,567 shares of the insurance provider's stock valued at $377,000 after acquiring an additional 101 shares in the last quarter. Finally, Centiva Capital LP boosted its holdings in Travelers Companies by 114.5% in the fourth quarter. Centiva Capital LP now owns 3,314 shares of the insurance provider's stock valued at $798,000 after purchasing an additional 1,769 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent research reports. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company boosted their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Evercore ISI increased their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. 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 report on Thursday, January 23rd. Finally, Barclays cut their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $267.32.

Travelers Companies Stock Performance

Shares of TRV stock traded down $3.23 during trading hours on Tuesday, reaching $264.83. The company had a trading volume of 675,287 shares, compared to its average volume of 1,290,197. The firm has a market cap of $60.00 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. 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 business has a fifty day moving average price of $257.71 and a 200-day moving average price of $251.62. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $273.08.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the previous year, the company earned $4.69 EPS. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.66%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

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.