Public Sector Pension Investment Board Acquires 800 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Public Sector Pension Investment Board raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.1% during the third quarter, HoldingsChannel reports. The firm owned 39,630 shares of the insurance provider’s stock after acquiring an additional 800 shares during the quarter. Public Sector Pension Investment Board’s holdings in Travelers Companies were worth $9,278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TRV. Tidal Investments LLC grew its position in Travelers Companies by 4.9% in the first quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider’s stock valued at $900,000 after acquiring an additional 184 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at approximately $640,000. Cetera Investment Advisers increased its position in Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after purchasing an additional 35,560 shares in the last quarter. Cetera Advisors LLC lifted its stake in Travelers Companies by 75.3% in the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after purchasing an additional 4,724 shares during the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in Travelers Companies in the first quarter valued at approximately $35,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $266.04 on Friday. The stock has a market capitalization of $60.40 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a 52-week low of $177.61 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock’s 50 day moving average price is $249.31 and its two-hundred day moving average price is $227.58.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Wall Street Analyst Weigh In

TRV has been the subject of several research analyst reports. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company increased their target price on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Barclays raised their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Roth Mkm boosted their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $251.15.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares in the company, valued at approximately $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by company insiders.

Travelers Companies Company Profile

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.