Commerzbank Aktiengesellschaft FI Boosts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Commerzbank Aktiengesellschaft FI boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,255 shares of the insurance provider's stock after acquiring an additional 2,634 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Travelers Companies were worth $8,011,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp lifted its stake in Travelers Companies by 0.8% in the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock valued at $3,644,532,000 after buying an additional 120,228 shares in the last quarter. FMR LLC raised its holdings in shares of Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Travelers Companies by 2.3% in the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock worth $1,187,865,000 after acquiring an additional 114,714 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Travelers Companies by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock valued at $366,820,000 after acquiring an additional 26,117 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in shares of Travelers Companies by 4.5% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock valued at $286,475,000 after acquiring an additional 51,589 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Barclays raised their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, BMO Capital Markets increased their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and an average target price of $261.05.

Travelers Companies Trading Down 0.2 %

TRV stock traded down $0.64 during midday trading on Thursday, reaching $257.39. 167,679 shares of the company's stock traded hands, compared to its average volume of 1,315,777. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The business has a 50-day moving average price of $244.16 and a two-hundred day moving average price of $244.09. The company has a market capitalization of $58.36 billion, a P/E ratio of 11.98, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the business posted $7.01 EPS. The business's quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, March 10th. Travelers Companies's payout ratio is 19.56%.

Travelers Companies Company 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.