Pacer Advisors Inc. Increases Stake in The Travelers Companies, Inc. $TRV

Pacer Advisors Inc. increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,407 shares of the insurance provider’s stock after purchasing an additional 2,222 shares during the period. Pacer Advisors Inc.’s holdings in Travelers Companies were worth $7,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Travelers Companies in the fourth quarter worth about $24,167,000. Rit Capital Partners PLC purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $39,450,000. Elo Mutual Pension Insurance Co boosted its position in Travelers Companies by 24.9% in the third quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock valued at $9,737,000 after buying an additional 6,954 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Travelers Companies by 192.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 135,330 shares of the insurance provider’s stock worth $37,787,000 after buying an additional 89,108 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Travelers Companies by 17.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock worth $261,616,000 after buying an additional 133,152 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the transaction, the insider owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on TRV. Barclays downgraded shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $331.00 to $295.00 in a report on Friday, June 12th. Brean Capital assumed coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating for the company. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $309.07.

Travelers Companies Stock Performance

TRV opened at $307.48 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a fifty day moving average price of $301.35 and a 200 day moving average price of $295.02. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $313.12. The stock has a market cap of $65.39 billion, a P/E ratio of 9.15, a P/E/G ratio of 2.78 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the business earned $1.91 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s payout ratio is 14.88%.

About Travelers Companies

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.