3,192 Shares in The Travelers Companies, Inc. $TRV Purchased by PCM Encore LLC

Key Points

• PCM Encore LLC purchased 3,192 Travelers shares in the second quarter, worth approximately $1.05 million. Institutional investors collectively own 82.45% of TRV.
• Travelers reported quarterly EPS of $10.04, significantly above the $5.41 consensus estimate, while revenue reached $12.15 billion. The company also declared a quarterly dividend of $1.25 per share, equivalent to a 1.4% annual yield.
• TRV shares opened at $364.79, while analysts’ consensus rating remains Hold with a $354.26 target price. Meanwhile, company insiders sold 62,667 shares worth about $22.7 million during the latest quarter.

PCM Encore LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,192 shares of the insurance provider's stock, valued at approximately $1,054,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Arbejdsmarkedets Tillaegspension acquired a new position in Travelers Companies during the fourth quarter worth $24,167,000. Rit Capital Partners PLC purchased a new position in shares of Travelers Companies in the fourth quarter valued at $39,450,000. UBS Group AG raised its stake in shares of Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider's stock worth $514,786,000 after buying an additional 89,159 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of Travelers Companies by 41.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider's stock worth $19,149,000 after buying an additional 19,347 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Travelers Companies in the 1st quarter valued at about $576,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.7%

Shares of TRV opened at $364.79 on Friday. 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 price-to-earnings-growth ratio of 3.44 and a beta of 0.45. The stock has a fifty day moving average of $351.09 and a two-hundred day moving average 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.

Travelers Companies (NYSE:TRV - Get Free Report) last posted 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 business 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%.The business's revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $6.51 earnings per share. As a group, analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio (DPR) is presently 13.39%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TRV shares. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a report on Monday, July 20th. The Goldman Sachs Group lowered Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 target price on the stock. in a research note on Monday, July 20th. Citigroup reiterated a "market perform" rating on shares of Travelers Companies in a report on Monday, July 20th. Barclays boosted their price target on Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a report on Tuesday, July 21st. Finally, Morgan Stanley upped their price objective on Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a research report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $354.26.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. The trade was a 33.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the company's stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company's stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,667 shares of company stock worth $22,688,329 in the last quarter. 1.39% of the stock is currently owned by corporate insiders.

About Travelers Companies

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.

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