PCM Encore LLC Invests $590,000 in The Travelers Companies, Inc. $TRV

PCM Encore LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,677 shares of the insurance provider’s stock, valued at approximately $590,000.

A number of other institutional investors also recently bought and sold shares of TRV. BlackRock Inc. purchased a new position in Travelers Companies during the second quarter worth $6,915,909,000. Norges Bank bought a new stake in shares of Travelers Companies in the 4th quarter worth about $723,339,000. Bank of New York Mellon Corp bought a new stake in shares of Travelers Companies in the 2nd quarter worth about $469,505,000. Deutsche Bank AG purchased a new position in shares of Travelers Companies during the 2nd quarter worth about $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Travelers Companies during the 2nd quarter valued at about $205,539,000. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the sale, the executive vice president owned 9,213 shares of the company’s stock, valued at $3,393,884.94. The trade was a 63.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 62,667 shares of company stock worth $22,688,329. Insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TRV shares. Cantor Fitzgerald upped their target price on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Piper Sandler raised their price target on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Bank of America boosted their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Wells Fargo & Company increased their target price on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Finally, BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $314.00 to $379.00 in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Performance

Travelers Companies stock opened at $364.79 on Friday. The company has a 50 day moving average price of $351.09 and a 200-day moving average price of $317.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The company has a market capitalization of $76.09 billion, a PE ratio of 9.77, a P/E/G ratio of 3.44 and a beta of 0.45.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is presently 13.39%.

Travelers Companies 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.