Commerzbank Aktiengesellschaft FI Makes New $8.26 Million Investment in The Travelers Companies, Inc. $TRV

Commerzbank Aktiengesellschaft FI bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,021 shares of the insurance provider’s stock, valued at approximately $8,260,000.

A number of other large investors have also recently made changes to their positions in the stock. HHM Wealth Advisors LLC increased its stake in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC bought a new stake in Travelers Companies during the 1st quarter valued at about $26,000. LifeSteps Financial Inc. purchased a new stake in Travelers Companies in the 2nd quarter valued at about $26,000. Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies in the 4th quarter valued at about $26,000. Finally, Osterweis Capital Management Inc. grew its stake in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,667 shares of company stock worth $22,688,329 over the last 90 days. 1.39% of the stock is currently owned by insiders.

Travelers Companies Trading Down 1.6%

Shares of NYSE TRV opened at $364.50 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The business has a fifty day moving average price of $347.35 and a 200 day moving average price of $316.08. The stock has a market capitalization of $76.03 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $6.51 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is 13.39%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TRV shares. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. HSBC increased their price objective on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a report on Wednesday, August 5th. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a research report on Monday, July 13th. Finally, Cantor Fitzgerald upped their target price on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.