The Travelers Companies, Inc. (NYSE:TRV) Position Lessened by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 314,623 shares of the insurance provider’s stock after selling 10,286 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.14% of Travelers Companies worth $71,642,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Norges Bank acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $282,593,000. International Assets Investment Management LLC increased its stake in shares of Travelers Companies by 19,918.1% in the fourth quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after purchasing an additional 473,453 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $88,190,000. Finally, Boston Partners boosted its position in shares of Travelers Companies by 42.5% during the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after buying an additional 355,489 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

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

Travelers Companies Trading Up 1.2 %

Shares of TRV traded up $2.48 during midday trading on Friday, hitting $214.53. The stock had a trading volume of 1,852,389 shares, compared to its average volume of 1,288,026. The business has a 50-day simple moving average of $209.75 and a two-hundred day simple moving average of $214.98. The firm has a market cap of $48.90 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.10 and a beta of 0.61. 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 Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion during 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%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.96%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRV. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Keefe, Bruyette & Woods decreased their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Piper Sandler reduced their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $221.11.

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.