Commerzbank Aktiengesellschaft FI Invests $8.26 Million in The Travelers Companies, Inc. $TRV

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 25,021 shares of the insurance provider’s stock, valued at approximately $8,260,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berman McAleer LLC grew its holdings in Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock valued at $295,000 after purchasing an additional 30 shares during the period. Willner & Heller LLC increased its stake in shares of Travelers Companies by 2.7% in the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after purchasing an additional 32 shares in the last quarter. Spinnaker Trust raised its holdings in Travelers Companies by 1.7% during the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares during the period. Cim LLC raised its stake in Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after purchasing an additional 34 shares during the period. Finally, Avalon Trust Co lifted its holdings in shares of Travelers Companies by 0.4% in the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after buying an additional 35 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the transaction, the executive vice president directly owned 9,213 shares in the company, valued at approximately $3,393,884.94. This represents a 63.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 62,667 shares of company stock worth $22,688,329 in the last 90 days. Company insiders own 1.39% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV opened at $364.50 on Tuesday. The company has a market cap of $76.03 billion, a P/E ratio of 9.76, a P/E/G ratio of 3.52 and a beta of 0.45. 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’s 50 day moving average price is $347.35 and its 200-day moving average price is $316.08. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies’s revenue was up .3% on a year-over-year basis. During the same period last year, the company earned $6.51 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Analyst Ratings Changes

TRV has been the topic of several research reports. Morgan Stanley lifted their target price on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Roth Capital upped their price objective on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Cantor Fitzgerald increased their target price on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $354.26.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.