The Travelers Companies, Inc. $TRV Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 45.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,886 shares of the insurance provider’s stock after selling 11,521 shares during the period. Pacer Advisors Inc.’s holdings in Travelers Companies were worth $4,050,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FAS Wealth Partners Inc. raised its stake in Travelers Companies by 4.7% during the 1st quarter. FAS Wealth Partners Inc. now owns 16,080 shares of the insurance provider’s stock valued at $4,690,000 after acquiring an additional 718 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in Travelers Companies by 21.4% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 1,214 shares of the insurance provider’s stock worth $354,000 after acquiring an additional 214 shares during the period. DV Trading LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at approximately $245,000. Parallel Advisors LLC increased its holdings in shares of Travelers Companies by 1.9% in the first quarter. Parallel Advisors LLC now owns 7,183 shares of the insurance provider’s stock valued at $2,095,000 after purchasing an additional 131 shares during the period. Finally, First Nebraska Trust Co acquired a new position in shares of Travelers Companies in the first quarter valued at approximately $337,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 62,667 shares of company stock worth $22,688,329. Company insiders own 1.39% of the company’s stock.

Travelers Companies Stock Up 0.9%

TRV opened at $385.85 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The stock has a market capitalization of $80.48 billion, a P/E ratio of 10.33, a P/E/G ratio of 3.64 and a beta of 0.45. The business has a 50 day simple moving average of $336.25 and a 200-day simple moving average of $311.28.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.51 earnings per share. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is presently 13.39%.

Analysts Set New Price Targets

Several research firms have recently commented on TRV. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a research note on Monday, July 20th. Morgan Stanley lifted their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Piper Sandler boosted their price objective on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a research note on Monday, July 13th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $354.26.

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.