Travelers Companies (NYSE:TRV) EVP Sells $6,105,000.00 in Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the sale, the executive vice president owned 88,642 shares of the company’s stock, valued at $36,077,294. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Maria Olivo also recently made the following trade(s):

• On Wednesday, October 21st, Maria Olivo sold 15,100 shares of Travelers Companies stock. The shares were sold at an average price of $398.44, for a total value of $6,016,444.00.
• On Friday, August 28th, Maria Olivo sold 6,000 shares of Travelers Companies stock. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00.

Travelers Companies Stock Performance

TRV opened at $395.08 on Monday. The firm has a market cap of $80.97 billion, a PE ratio of 10.36, a P/E/G ratio of 2.73 and a beta of 0.40. 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 business has a fifty day simple moving average of $377.66 and a 200-day simple moving average of $332.77. The Travelers Companies, Inc. has a fifty-two week low of $268.00 and a fifty-two week high of $418.00.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. The business had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $8.14 EPS. As a group, equities analysts predict that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be given a $1.25 dividend. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is 13.11%.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in TRV. Ibex Wealth Advisors increased its holdings in shares of Travelers Companies by 2.1% during the 3rd quarter. Ibex Wealth Advisors now owns 2,967 shares of the insurance provider’s stock worth $1,058,000 after purchasing an additional 61 shares during the period. Financial Freedom LLC acquired a new position in shares of Travelers Companies during the third quarter valued at about $166,000. Aberdeen Group plc lifted its stake in shares of Travelers Companies by 6.4% in the third quarter. Aberdeen Group plc now owns 202,741 shares of the insurance provider’s stock valued at $72,279,000 after buying an additional 12,190 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Travelers Companies by 17.2% in the third quarter. Moors & Cabot Inc. now owns 10,250 shares of the insurance provider’s stock valued at $3,654,000 after buying an additional 1,504 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Travelers Companies by 381.2% in the third quarter. Allworth Financial LP now owns 50,725 shares of the insurance provider’s stock valued at $16,745,000 after buying an additional 40,183 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TRV shares. Raymond James Financial lifted their price target on Travelers Companies from $430.00 to $450.00 in a research note on Monday, October 19th. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research note on Friday, October 16th. Barclays raised their target price on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and lifted their target price for the stock from $288.00 to $297.00 in a research report on Monday, July 13th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $372.00 to $382.00 and gave the company a “market perform” rating in a report on Tuesday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $370.83.

About Travelers Companies

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.