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

Pacer Advisors Inc. raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 121.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,733 shares of the insurance provider’s stock after acquiring an additional 17,965 shares during the period. Pacer Advisors Inc.’s holdings in Travelers Companies were worth $6,235,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. lifted its stake in shares of Travelers Companies by 0.9% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 92,697 shares of the insurance provider’s stock valued at $17,658,000 after purchasing an additional 864 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Travelers Companies by 25.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 92,045 shares of the insurance provider’s stock valued at $17,534,000 after purchasing an additional 18,485 shares during the period. CVA Family Office LLC acquired a new position in Travelers Companies during the fourth quarter worth $75,000. Raymond James & Associates raised its position in Travelers Companies by 4.5% during the fourth quarter. Raymond James & Associates now owns 529,389 shares of the insurance provider’s stock worth $100,843,000 after acquiring an additional 22,847 shares during the period. Finally, LVW Advisors LLC raised its position in Travelers Companies by 76.7% during the fourth quarter. LVW Advisors LLC now owns 2,652 shares of the insurance provider’s stock worth $505,000 after acquiring an additional 1,151 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the transaction, the executive vice president now owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock valued at $23,343,903 in the last three months. Corporate insiders own 1.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TRV shares. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. TD Cowen began coverage on shares of Travelers Companies in a report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 target price for the company. Citigroup upped their target price on shares of Travelers Companies from $185.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. HSBC assumed coverage on shares of Travelers Companies in a report on Thursday, December 28th. They set a “hold” rating and a $203.00 target price for the company. Finally, Royal Bank of Canada increased their target price on shares of Travelers Companies from $185.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $201.38.

Travelers Companies Trading Up 0.6 %

Shares of TRV stock opened at $230.14 on Friday. The firm has a 50-day moving average price of $217.79 and a 200 day moving average price of $189.99. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $230.87. The company has a market capitalization of $52.73 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.17 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, beating the consensus estimate of $5.10 by $1.91. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the previous year, the business earned $3.40 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 17.67 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, March 7th. Travelers Companies’s payout ratio is 31.27%.

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.