Public Sector Pension Investment Board Raises Position in The Travelers Companies, Inc. (NYSE:TRV)

Public Sector Pension Investment Board increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 8.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,830 shares of the insurance provider’s stock after buying an additional 2,868 shares during the quarter. Public Sector Pension Investment Board’s holdings in Travelers Companies were worth $7,896,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TRV. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies during the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies during the 1st quarter worth $35,000. Beacon Capital Management LLC lifted its holdings in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Travelers Companies in the 1st quarter valued at about $42,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Travelers Companies during the first quarter valued at about $45,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRV has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. Citigroup upped their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Bank of America raised their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. Barclays started coverage on shares of Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price target on the stock. Finally, Morgan Stanley decreased their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $227.05.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.33% of the stock is owned by company insiders.

Travelers Companies Stock Performance

Shares of TRV opened at $237.98 on Wednesday. The firm has a fifty day moving average of $222.34 and a 200-day moving average of $217.81. The company has a market cap of $54.24 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $243.48.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.76%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Travelers Companies 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.