Travelers Companies (NYSE:TRV) EVP Sells 7,500 Shares of Company Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Klein sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $392.79, for a total transaction of $2,945,925.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at $17,724,648.75. This represents a 14.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Travelers Companies Stock Up 1.7%

TRV stock traded up $6.69 during mid-day trading on Thursday, reaching $405.64. 1,917,976 shares of the company traded hands, compared to its average volume of 1,650,090. The stock has a market cap of $83.14 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 2.80 and a beta of 0.43. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $264.25 and a fifty-two week high of $407.87. The firm’s 50 day moving average price is $370.12 and its 200 day moving average price is $339.95.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. The firm had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $8.14 EPS. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 35.47 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. Travelers Companies’s payout ratio is presently 13.11%.

Analysts Set New Price Targets

TRV has been the subject of a number of analyst reports. Piper Sandler increased their price target on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a report on Monday, July 13th. Wells Fargo & Company upped their target price on shares of Travelers Companies from $341.00 to $377.00 and gave the stock an “equal weight” rating in a research note on Monday. Truist Financial increased their target price on shares of Travelers Companies from $425.00 to $435.00 and gave the company a “buy” rating in a report on Monday. Finally, Cantor Fitzgerald raised their price target on shares of Travelers Companies from $377.00 to $378.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Three 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $364.32.

Institutional Trading of Travelers Companies

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Travelers Companies in the 2nd quarter valued at $6,915,909,000. Dimensional Fund Advisors LP increased its position in shares of Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after purchasing an additional 123,564 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Travelers Companies during the 2nd quarter worth $932,142,000. GQG Partners LLC bought a new stake in shares of Travelers Companies during the 2nd quarter worth $789,024,000. Finally, First Trust Advisors LP raised its stake in shares of Travelers Companies by 7.2% during the 1st quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock worth $497,431,000 after purchasing an additional 115,276 shares during the period. 82.45% of the stock is currently owned by institutional investors.

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.