PNC Financial Services Group Inc. Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

PNC Financial Services Group Inc. boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,431 shares of the insurance provider’s stock after acquiring an additional 1,130 shares during the quarter. PNC Financial Services Group Inc. owned 0.17% of Travelers Companies worth $92,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at about $35,000. Beacon Capital Management LLC boosted its stake in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies in the 3rd quarter valued at about $50,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 1.3 %

Shares of TRV stock opened at $259.27 on Wednesday. The business’s 50 day moving average is $245.28 and its two-hundred day moving average is $225.14. The Travelers Companies, Inc. has a twelve month low of $170.88 and a twelve month high of $269.55. The company has a market capitalization of $58.86 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the business posted $1.95 EPS. The company’s revenue was up 11.9% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,409 shares of company stock worth $19,305,504. 1.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TRV has been the subject of several recent research reports. UBS Group lifted their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup raised their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Finally, Roth Mkm raised their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $247.90.

About Travelers Companies

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.