DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 44.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,902 shares of the insurance provider's stock after purchasing an additional 1,820 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Travelers Companies were worth $1,422,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after buying an additional 41 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after purchasing an additional 43 shares during the period. Salem Investment Counselors Inc. boosted its stake in Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock worth $218,000 after buying an additional 44 shares during the period. Somerset Trust Co boosted its stake in Travelers Companies by 5.2% during the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock worth $221,000 after buying an additional 45 shares during the period. Finally, Lake Street Advisors Group LLC boosted its stake in Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded up $8.60 during trading on Thursday, hitting $271.19. The stock had a trading volume of 1,320,197 shares, compared to its average volume of 1,295,567. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $273.50. The stock has a market capitalization of $61.44 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a 50-day simple moving average of $257.99 and a two-hundred day simple moving average of $251.79.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly 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. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $4.69 EPS. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.62%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio is presently 23.95%.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday. Jefferies Financial Group upped their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $267.32.

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.