The Travelers Companies, Inc. $TRV Shares Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG has increased its stake in The Travelers Companies by 10.1%, now owning 17,525 shares valued at approximately $4.63 million.
• The Travelers Companies reported **$6.51** earnings per share for its latest quarter, significantly exceeding estimates, with revenues of **$11.54 billion**, marking a **7.4%** increase year-over-year.
• The company announced a quarterly dividend of **$1.10** per share, which will be paid on September 30th, representing an annualized dividend yield of **1.6%**.

B. Metzler seel. Sohn & Co. AG increased its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,525 shares of the insurance provider's stock after purchasing an additional 1,610 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Travelers Companies were worth $4,635,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TRV. Cornerstone Planning Group LLC lifted its holdings in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after purchasing an additional 84 shares during the period. Putney Financial Group LLC acquired a new stake in Travelers Companies in the fourth quarter worth about $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies in the fourth quarter worth about $26,000. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies in the first quarter worth about $26,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Travelers Companies in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

NYSE TRV opened at $272.43 on Thursday. The stock's 50-day moving average price is $263.61 and its two-hundred day moving average price is $260.69. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market cap of $61.33 billion, a PE ratio of 12.05, a PEG ratio of 3.11 and a beta of 0.51. The Travelers Companies, Inc. has a 1 year low of $222.21 and a 1 year high of $279.04.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's payout ratio is presently 19.46%.

Insider Activity

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on TRV. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and an average target price of $284.56.

About Travelers Companies

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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