The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 323,886 shares of the insurance provider’s stock after purchasing an additional 9,263 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Travelers Companies were worth $66,252,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of TRV. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies during the second quarter valued at $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies during the first quarter valued at $35,000. Beacon Capital Management LLC boosted its holdings in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Private Wealth Management Group LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at $39,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the first quarter valued at $42,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

NYSE TRV opened at $237.83 on Friday. The stock’s 50-day moving average price is $218.12 and its two-hundred day moving average price is $216.88. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $54.21 billion, a PE ratio of 17.67, a PEG ratio of 1.20 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $242.89.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.77%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. William Blair reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Citigroup upped their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Barclays initiated coverage on shares of Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley reduced their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $227.05.

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.