Deutsche Bank AG Has $198 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Deutsche Bank AG grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 21.4% during the fourth quarter, Holdings Channel reports. The firm owned 821,969 shares of the insurance provider’s stock after purchasing an additional 144,993 shares during the period. Deutsche Bank AG’s holdings in Travelers Companies were worth $198,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TRV. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda bought a new position in shares of Travelers Companies in the 4th quarter valued at approximately $30,000. Generali Investments Management Co LLC acquired a new stake in Travelers Companies in the 4th quarter worth approximately $37,000. Asset Planning Inc acquired a new position in Travelers Companies during the fourth quarter valued at approximately $44,000. Finally, Quarry LP raised its position in shares of Travelers Companies by 400.0% in the fourth quarter. Quarry LP now owns 190 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $269.65 on Friday. 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 business’s fifty day moving average price is $257.51 and its two-hundred day moving average price is $251.57. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $273.08. The stock has a market capitalization of $61.09 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter last year, the company posted $4.69 EPS. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. Travelers Companies’s dividend payout ratio is 23.95%.

Analysts Set New Price Targets

Several analysts recently issued reports on TRV shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. UBS Group lowered their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Barclays lowered their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. upped their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $267.32.

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.