Deutsche Bank AG Acquires 42,367 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Deutsche Bank AG increased its stake in The Travelers Companies by 5.2%, acquiring an additional 42,367 shares, bringing its total ownership to 864,336 shares valued at $228.58 million.
• The Travelers Companies reported earnings of $6.51 per share, significantly exceeding analysts' estimates of $3.52, along with a 7.4% year-over-year revenue increase to $11.54 billion.
• The company announced a quarterly dividend of $1.10, representing an annualized yield of 1.7%, with a payout ratio of 19.46%.

Deutsche Bank AG grew its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 864,336 shares of the insurance provider's stock after acquiring an additional 42,367 shares during the quarter. Deutsche Bank AG owned 0.38% of Travelers Companies worth $228,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Bearing Point Capital LLC boosted its position in shares of Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after acquiring an additional 38 shares during the period. Forum Financial Management LP boosted its position in shares of Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after acquiring an additional 39 shares during the period. Smith Salley Wealth Management boosted its position in shares of Travelers Companies by 0.6% in the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock valued at $1,936,000 after acquiring an additional 44 shares during the period. Northern Financial Advisors Inc boosted its position in shares of Travelers Companies by 0.7% in the first quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock valued at $1,739,000 after acquiring an additional 45 shares during the period. Finally, Baker Avenue Asset Management LP lifted its position in Travelers Companies by 0.3% in the first quarter. Baker Avenue Asset Management LP now owns 14,182 shares of the insurance provider's stock worth $3,751,000 after purchasing an additional 45 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $265.00 on Friday. The Travelers Companies, Inc. has a twelve month low of $208.63 and a twelve month high of $277.83. The firm has a market cap of $59.66 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 3.07 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The business has a fifty day moving average of $263.16 and a 200-day moving average of $258.58.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the company posted $2.51 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.7%. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRV. Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 21st. UBS Group raised their target price on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday. Jefferies Financial Group raised their target price on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company raised their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $282.69.

Insider Buying and Selling

In related news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the sale, the executive vice president directly owned 118,116 shares in the company, valued at $32,387,407.20. This trade represents a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock valued at $47,929,912 in the last 90 days. 1.46% of the stock is owned by corporate insiders.

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.

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