The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman Sells $990,352.00 in Stock

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Travelers Companies Stock Up 1.1 %

Shares of NYSE TRV opened at $266.66 on Thursday. The company has a 50 day simple moving average of $248.18 and a 200 day simple moving average of $226.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 1 year low of $175.88 and a 1 year high of $269.55. The firm has a market cap of $60.54 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the firm earned $1.95 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TRV shares. Royal Bank of Canada raised their target price on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. Finally, BMO Capital Markets upped their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $251.15.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. Cetera Investment Advisers raised its holdings in Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after purchasing an additional 35,560 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Travelers Companies by 162.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after purchasing an additional 3,050 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Travelers Companies during the second quarter worth approximately $17,303,000. Cetera Advisors LLC increased its holdings in Travelers Companies by 75.3% in the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock worth $2,531,000 after purchasing an additional 4,724 shares in the last quarter. Finally, Swedbank AB acquired a new position in Travelers Companies in the first quarter valued at approximately $26,618,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Company Profile

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.