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

Commerzbank Aktiengesellschaft FI raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,646 shares of the insurance provider's stock after purchasing an additional 3,391 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Travelers Companies were worth $9,691,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Forum Financial Management LP raised its position in Travelers Companies by 0.9% during the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after purchasing an additional 39 shares during the last quarter. Smith Salley Wealth Management raised its position in Travelers Companies by 0.6% during the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after purchasing an additional 44 shares during the last quarter. Windsor Capital Management LLC raised its position in Travelers Companies by 3.7% during the 1st quarter. Windsor Capital Management LLC now owns 1,351 shares of the insurance provider's stock worth $357,000 after purchasing an additional 48 shares during the last quarter. JT Stratford LLC raised its position in Travelers Companies by 0.8% during the 4th quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock worth $1,456,000 after purchasing an additional 49 shares during the last quarter. Finally, Trifecta Capital Advisors LLC raised its position in shares of Travelers Companies by 13.4% in the 1st quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock worth $112,000 after acquiring an additional 50 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Activity

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president owned 118,116 shares of the company's stock, valued at $32,387,407.20. This trade represents a 23.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 15,180 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the transaction, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,657,685.25. This represents a 71.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,869 shares of company stock worth $44,868,201. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Stock Up 1.5%

TRV stock traded up $3.96 during mid-day trading on Friday, reaching $265.77. 1,687,842 shares of the company traded hands, compared to its average volume of 1,294,808. The stock has a market cap of $60.03 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 3.72 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a fifty-two week low of $202.95 and a fifty-two week high of $277.83. The firm's 50 day moving average price is $266.00 and its 200 day moving average price is $256.07.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the previous year, the business earned $2.51 EPS. The company's quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.66%. Travelers Companies's dividend payout ratio is currently 23.95%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Monday, March 24th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $274.61.

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.