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

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

Several other large investors have also bought and sold shares of TRV. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $24,167,000. Rit Capital Partners PLC purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $39,450,000. UBS Group AG grew its stake in shares of Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after acquiring an additional 89,159 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of Travelers Companies by 41.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock worth $19,149,000 after acquiring an additional 19,347 shares during the period. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Travelers Companies during the first quarter valued at approximately $576,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRV has been the topic of a number of research analyst reports. Citigroup restated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Bank of America boosted their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday, July 20th. Piper Sandler increased their price target on Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Morgan Stanley raised their price target on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Finally, Barclays increased their target price on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Four investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $354.26.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares in the company, valued at $16,519,811.25. This represents a 11.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last three months. 1.39% of the stock is currently owned by insiders.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $364.79 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 1-year low of $252.26 and a 1-year high of $398.70. The company has a market capitalization of $76.09 billion, a P/E ratio of 9.77, a P/E/G ratio of 3.44 and a beta of 0.45. The firm’s 50 day simple moving average is $351.09 and its two-hundred day simple moving average is $317.80.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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 business had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $6.51 earnings per share. Research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. 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 13.39%.

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.