Deutsche Bank AG Invests $301.77 Million in The Travelers Companies, Inc. $TRV

Deutsche Bank AG acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 914,127 shares of the insurance provider’s stock, valued at approximately $301,772,000. Deutsche Bank AG owned approximately 0.44% of Travelers Companies as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TRV. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter worth about $723,339,000. Bank of New York Mellon Corp bought a new position in shares of Travelers Companies in the second quarter valued at approximately $469,505,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Travelers Companies during the second quarter worth about $205,539,000. State Street Corp raised its holdings in shares of Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in shares of Travelers Companies by 102.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after acquiring an additional 458,746 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of several analyst reports. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Mizuho boosted their price objective on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned 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 currently has a consensus rating of “Hold” and an average target price of $354.26.

Insiders Place Their Bets

In other news, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Up 0.9%

Shares of TRV stock opened at $367.96 on Wednesday. The company has a market cap of $76.74 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $348.71 and its two-hundred day moving average is $316.68.

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

Travelers Companies Dividend Announcement

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

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.