Commerzbank Aktiengesellschaft FI Reduces Stock Position in The Travelers Companies, Inc. $TRV

Commerzbank Aktiengesellschaft FI cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,286 shares of the insurance provider’s stock after selling 360 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Travelers Companies were worth $9,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bearing Point Capital LLC lifted its holdings in shares of Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock valued at $522,000 after buying an additional 38 shares during the period. Forum Financial Management LP lifted its holdings in shares of Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock valued at $1,171,000 after purchasing an additional 39 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 39 shares during the last quarter. Park National Corp OH lifted its holdings in shares of Travelers Companies by 1.6% during the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after purchasing an additional 40 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings in shares of Travelers Companies by 5.6% during the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock valued at $207,000 after purchasing an additional 41 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Travelers Companies from $275.00 to $291.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Morgan Stanley upped their price target on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Travelers Companies in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $290.11.

Travelers Companies Stock Performance

Shares of TRV stock opened at $274.38 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The stock’s 50-day moving average is $273.43 and its two-hundred day moving average is $266.06. The firm has a market cap of $61.77 billion, a P/E ratio of 12.14, a PEG ratio of 3.23 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.51 EPS. Analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is currently 19.46%.

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.