DekaBank Deutsche Girozentrale Has $73.73 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

DekaBank Deutsche Girozentrale reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 314,052 shares of the insurance provider’s stock after selling 9,834 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Travelers Companies were worth $73,731,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Nordea Investment Management AB increased its holdings in Travelers Companies by 38.7% in the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after purchasing an additional 95,451 shares during the period. Cetera Investment Advisers increased its stake in shares of Travelers Companies by 356.3% in the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after buying an additional 35,560 shares during the period. GAMMA Investing LLC raised its position in shares of Travelers Companies by 162.6% during the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after acquiring an additional 3,050 shares during the last quarter. Cullinan Associates Inc. boosted its holdings in Travelers Companies by 159.8% in the first quarter. Cullinan Associates Inc. now owns 34,164 shares of the insurance provider’s stock valued at $7,863,000 after acquiring an additional 21,014 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in Travelers Companies during the 2nd quarter valued at approximately $17,303,000. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Piper Sandler dropped their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. UBS Group raised their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Roth Mkm boosted their price target on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $247.90.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Vice Chairman William H. Heyman sold 2,014 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $65,099,840. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,479 shares of company stock valued at $15,434,526. 1.33% of the stock is owned by company insiders.

Travelers Companies Trading Down 2.3 %

NYSE:TRV opened at $250.50 on Monday. The firm has a market cap of $57.36 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a 50-day moving average price of $236.19 and a two-hundred day moving average price of $220.54. The Travelers Companies, Inc. has a 52 week low of $159.89 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the previous year, the firm earned $1.95 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 18.24 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.68%. Travelers Companies’s payout ratio is currently 31.20%.

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.