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

Pacer Advisors Inc. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 51.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,279 shares of the insurance provider’s stock after acquiring an additional 6,553 shares during the period. Pacer Advisors Inc.’s holdings in Travelers Companies were worth $3,523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of Travelers Companies by 0.5% during the 4th quarter. State Street Corp now owns 17,289,745 shares of the insurance provider’s stock worth $2,704,635,000 after acquiring an additional 86,596 shares in the last quarter. Geode Capital Management LLC lifted its stake in Travelers Companies by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 4,233,724 shares of the insurance provider’s stock valued at $660,678,000 after buying an additional 86,442 shares during the last quarter. Norges Bank acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $224,986,000. Charles Schwab Investment Management Inc. grew its position in shares of Travelers Companies by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,379,941 shares of the insurance provider’s stock worth $215,865,000 after acquiring an additional 28,093 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Travelers Companies by 56.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,135,421 shares of the insurance provider’s stock valued at $177,614,000 after acquiring an additional 408,488 shares during the period. 83.20% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Diane Kurtzman sold 2,671 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $172.74, for a total value of $461,388.54. Following the sale, the executive vice president now directly owns 1,735 shares of the company’s stock, valued at approximately $299,703.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,013 shares of the stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $179.19, for a total transaction of $539,899.47. Following the completion of the sale, the insider now directly owns 251,605 shares in the company, valued at $45,085,099.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,894 shares of company stock worth $8,451,233. 1.07% of the stock is owned by corporate insiders.

Several analysts recently commented on TRV shares. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and reduced their price target for the company from $190.00 to $170.00 in a research report on Friday, June 3rd. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, June 2nd. Raymond James upgraded shares of Travelers Companies from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 20th. Royal Bank of Canada upped their price target on shares of Travelers Companies from $170.00 to $190.00 and gave the company a “sector perform” rating in a research report on Monday, April 4th. Finally, MKM Partners upped their price target on shares of Travelers Companies from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, April 6th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $176.85.

NYSE:TRV opened at $159.77 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $145.40 and a fifty-two week high of $187.98. The stock has a market cap of $38.34 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 3.49 and a beta of 0.70. The firm’s fifty day simple moving average is $172.55 and its 200-day simple moving average is $170.60.

Travelers Companies (NYSE:TRVGet Rating) last posted its quarterly earnings results on Tuesday, April 19th. The insurance provider reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.52. Travelers Companies had a net margin of 11.18% and a return on equity of 13.78%. The business had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.03 billion. During the same period in the prior year, the company posted $2.73 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts anticipate that The Travelers Companies, Inc. will post 13.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 10th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.33%. This is a boost from Travelers Companies’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, June 9th. Travelers Companies’s dividend payout ratio is presently 23.54%.

Travelers Companies Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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