Pacer Advisors Inc. Boosts Stock Holdings in The Travelers Companies, Inc. $TRV

Pacer Advisors Inc. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 26.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,185 shares of the insurance provider’s stock after buying an additional 4,843 shares during the quarter. Pacer Advisors Inc.’s holdings in Travelers Companies were worth $6,474,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC boosted its holdings in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $276,000. Jump Financial LLC bought a new position in Travelers Companies in the 1st quarter worth about $518,000. WPG Advisers LLC purchased a new position in Travelers Companies during the 1st quarter valued at about $54,000. Finally, Magnetar Financial LLC bought a new stake in shares of Travelers Companies during the first quarter valued at about $690,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRV has been the subject of a number of analyst reports. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Barclays set a $313.00 price target on shares of Travelers Companies in a report on Wednesday, October 8th. UBS Group upped their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $294.25.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,803 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the sale, the insider directly owned 255,086 shares of the company’s stock, valued at $73,860,151.30. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. This represents a 48.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 46,295 shares of company stock worth $13,011,918. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Down 0.6%

TRV opened at $292.03 on Monday. The business’s 50-day moving average price is $282.99 and its 200-day moving average price is $273.54. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $296.85. The company has a market cap of $65.14 billion, a P/E ratio of 11.48, a P/E/G ratio of 2.87 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the prior year, the firm posted $5.24 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s payout ratio is 17.30%.

Travelers Companies 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.