Travelers Companies (NYSE:TRV) EVP Michael Frederick Klein Sells 6,000 Shares

The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein sold 6,000 shares of the stock in a transaction 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 sale, the executive vice president owned 45,125 shares in the company, valued at $16,519,811.25. The trade was a 11.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Michael Frederick Klein also recently made the following trade(s):

• On Tuesday, May 26th, Michael Frederick Klein sold 10,000 shares of Travelers Companies stock. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00.

Travelers Companies Trading Up 1.6%

TRV stock traded up $6.26 during trading on Tuesday, hitting $396.61. The company had a trading volume of 774,051 shares, compared to its average volume of 1,682,379. The stock has a market cap of $82.72 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 3.83 and a beta of 0.46. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.65. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $323.75 and a 200-day moving average price of $305.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (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 business had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter last year, the business earned $6.51 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. As a group, analysts predict that The Travelers Companies, Inc. will post 32.49 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $1.25 per share. 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 1.3%. Travelers Companies’s payout ratio is 13.39%.

Analyst Upgrades and Downgrades

TRV has been the topic of several research analyst reports. Roth Capital raised their price objective on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Mizuho lifted their price target on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday. Finally, HSBC boosted their price target on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $354.26.

Key Stories Impacting Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Travelers reported quarterly earnings of $10.04 per share, well above the $5.41 analyst consensus, while revenue of $12.15 billion also exceeded expectations. Earnings rose from $6.51 per share a year earlier, supporting the stock’s recent strength. The company reported a 16.95% net margin and 25.41% return on equity.
• Neutral Sentiment: Analysts expect Travelers to generate approximately $32.49 in earnings per share for the current fiscal year. The stock is trading near its 12-month high, suggesting that strong results may already be reflected in part of its valuation.
• Negative Sentiment: Several senior executives sold a combined 52,667 shares for roughly $19.6 million in transactions dated July 21–24. CFO Daniel S. Frey sold 14,037 shares, while EVPs Mojgan M. Lefebvre, David Donnay Rowland, Michael Frederick Klein, Diane Kurtzman and Daniel Tei-Hwa Yin also reduced their holdings. The transactions were disclosed in SEC filings: CFO Form 4 filing Mojgan Lefebvre Form 4 filing David Rowland Form 4 filing

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Merit Financial Group LLC raised its stake in Travelers Companies by 6.5% in the second quarter. Merit Financial Group LLC now owns 20,474 shares of the insurance provider’s stock valued at $6,759,000 after buying an additional 1,253 shares during the period. Diversified Trust Co. boosted its position in shares of Travelers Companies by 0.8% in the second quarter. Diversified Trust Co. now owns 4,521 shares of the insurance provider’s stock valued at $1,492,000 after acquiring an additional 36 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in shares of Travelers Companies by 4.5% during the second quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,675 shares of the insurance provider’s stock worth $883,000 after purchasing an additional 115 shares during the period. Liberty Capital Management Inc. bought a new position in Travelers Companies during the 2nd quarter worth $414,000. Finally, Cypress Point Wealth Management LLC lifted its position in Travelers Companies by 15.3% during the second quarter. Cypress Point Wealth Management LLC now owns 1,398 shares of the insurance provider’s stock worth $462,000 after purchasing an additional 185 shares during the period. 82.45% of the stock is owned by institutional investors.

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.