Maria Olivo Sells 6,000 Shares of Travelers Companies (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 6,000 shares of Travelers Companies stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the transaction, the executive vice president directly owned 118,742 shares of the company’s stock, valued at $43,917,916.12. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Travelers Companies Price Performance

NYSE TRV traded down $3.59 on Monday, hitting $366.31. 1,878,267 shares of the company were exchanged, compared to its average volume of 1,701,182. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The firm has a 50 day moving average of $358.56 and a two-hundred day moving average of $320.97. The company has a market cap of $76.40 billion, a P/E ratio of 9.81, a P/E/G ratio of 3.52 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the firm earned $6.51 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date 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 currently 13.39%.

Institutional Trading of Travelers Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its stake in shares of Travelers Companies by 32,139.3% in the second quarter. California State Teachers Retirement System now owns 110,690,887 shares of the insurance provider’s stock valued at $36,541,276,000 after buying an additional 110,347,546 shares during the period. BlackRock Inc. bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $6,915,909,000. Legal & General Group Plc acquired a new stake in shares of Travelers Companies during the 2nd quarter worth $799,601,000. Bank of America Corp DE acquired a new stake in shares of Travelers Companies during the 2nd quarter worth $932,142,000. Finally, Norges Bank bought a new position in shares of Travelers Companies in the fourth quarter worth $723,339,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Cantor Fitzgerald boosted their price target on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Roth Capital boosted their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Wells Fargo & Company upped their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. HSBC increased their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Finally, Bank of America lifted their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $354.26.

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.