The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 67.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,214 shares of the insurance provider’s stock after purchasing an additional 10,540 shares during the period. Pacer Advisors Inc.’s holdings in Travelers Companies were worth $5,330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ raised its stake in Travelers Companies by 100.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 88,673 shares of the insurance provider’s stock worth $18,031,000 after acquiring an additional 44,400 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Travelers Companies by 51.1% during the second quarter. AE Wealth Management LLC now owns 1,994 shares of the insurance provider’s stock worth $406,000 after purchasing an additional 674 shares during the last quarter. Bridges Investment Management Inc. increased its position in shares of Travelers Companies by 2.2% during the second quarter. Bridges Investment Management Inc. now owns 4,409 shares of the insurance provider’s stock worth $897,000 after purchasing an additional 94 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of Travelers Companies by 13.7% in the 2nd quarter. Ieq Capital LLC now owns 12,111 shares of the insurance provider’s stock valued at $2,463,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Travelers Companies by 17.4% in the 2nd quarter. Brighton Jones LLC now owns 3,036 shares of the insurance provider’s stock valued at $617,000 after purchasing an additional 449 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $239.35 on Tuesday. The firm’s fifty day simple moving average is $221.94 and its 200-day simple moving average is $217.67. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market cap of $54.81 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $243.48.

Travelers Companies (NYSE:TRV) last issued 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). The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. Travelers Companies’s payout ratio is 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction 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 approximately $4,820,409.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TRV has been the subject of a number of research reports. Piper Sandler reduced their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their target price for the company from $252.00 to $230.00 in a report on Monday, July 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. Finally, Barclays began coverage on Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective for the company. Four equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $227.05.

About Travelers Companies

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.