Commerzbank Aktiengesellschaft FI Purchases 2,634 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Commerzbank Aktiengesellschaft FI raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 8.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 33,255 shares of the insurance provider’s stock after acquiring an additional 2,634 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Travelers Companies were worth $8,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. YANKCOM Partnership purchased a new position in Travelers Companies during the 4th quarter worth $27,000. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the third quarter worth about $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies during the fourth quarter valued at about $44,000. Providence First Trust Co purchased a new position in shares of Travelers Companies in the 4th quarter valued at approximately $48,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies in the 3rd quarter worth approximately $50,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Barclays boosted their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a report on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Price Performance

NYSE:TRV opened at $260.77 on Tuesday. The stock has a market capitalization of $59.12 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $243.60 and its 200-day moving average price is $243.72.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $7.01 earnings per share. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

About Travelers Companies

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.