The Travelers Companies, Inc. $TRV Holdings Lowered by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 314,052 shares of the insurance provider’s stock after selling 571 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Travelers Companies were worth $83,429,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Travelers Companies in the 4th quarter worth approximately $276,000. GAMMA Investing LLC grew its position in Travelers Companies by 18.1% during the 1st quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider’s stock worth $2,203,000 after purchasing an additional 1,277 shares in the last quarter. Advisor Resource Council acquired a new stake in Travelers Companies during the 1st quarter valued at $245,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Travelers Companies by 11.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,725 shares of the insurance provider’s stock valued at $7,068,000 after purchasing an additional 2,680 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Up 1.6%

TRV opened at $269.43 on Wednesday. The firm has a market cap of $60.10 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The business has a 50 day moving average price of $274.06 and a 200 day moving average price of $266.51. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same quarter last year, the firm posted $5.24 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TRV shares. Barclays set a $313.00 target price on Travelers Companies in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup started coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price on the stock. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Wolfe Research initiated coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $291.31.

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.