Deutsche Bank AG Has $198 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Deutsche Bank AG increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 821,969 shares of the insurance provider's stock after buying an additional 144,993 shares during the period. Deutsche Bank AG owned about 0.36% of Travelers Companies worth $198,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in shares of Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after acquiring an additional 38,515 shares during the period. Principal Financial Group Inc. lifted its holdings in Travelers Companies by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 281,463 shares of the insurance provider's stock worth $65,896,000 after buying an additional 9,660 shares during the last quarter. Baker Tilly Wealth Management LLC grew its position in shares of Travelers Companies by 9.4% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 4,097 shares of the insurance provider's stock valued at $987,000 after buying an additional 351 shares during the last quarter. ORG Partners LLC lifted its stake in Travelers Companies by 119.8% in the fourth quarter. ORG Partners LLC now owns 842 shares of the insurance provider's stock valued at $203,000 after buying an additional 459 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in Travelers Companies by 20.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,393 shares of the insurance provider's stock worth $336,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 1.2%

Shares of TRV stock traded down $3.27 on Tuesday, reaching $264.79. 1,336,615 shares of the stock were exchanged, compared to its average volume of 1,294,739. The stock has a 50 day moving average price of $257.71 and a 200 day moving average price of $251.62. The stock has a market cap of $59.99 billion, a PE ratio of 12.33, a P/E/G ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $274.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter last year, the business earned $4.69 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio is currently 23.95%.

Analysts Set New Price Targets

Several brokerages have recently commented on TRV. Evercore ISI upped 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. StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Jefferies Financial Group raised their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Finally, Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $267.32.

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.