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

Pacer Advisors Inc. grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 9.6% during the 4th quarter, Holdings Channel reports. The firm owned 25,407 shares of the insurance provider’s stock after purchasing an additional 2,222 shares during the quarter. Pacer Advisors Inc.’s holdings in Travelers Companies were worth $7,370,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies in the 4th quarter valued at about $26,000. Osterweis Capital Management Inc. increased its stake in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Travelers Companies during the 4th quarter worth approximately $28,000. Entrust Financial LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at approximately $31,000. Finally, Navalign LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.1%

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 company’s 50 day simple moving average is $301.35 and its two-hundred day simple moving average is $295.02. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12. The firm has a market capitalization of $65.39 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 2.78 and a beta of 0.48.

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

Travelers Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. Piper Sandler lifted their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $309.07.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the sale, the insider directly owned 259,590 shares in the company, valued at $80,639,037.60. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,573 shares of company stock worth $11,504,146 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Company 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.