Insider Selling: The Travelers Companies, Inc. (NYSE:TRV) Insider Sells 23,434 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) insider Avrohom J. Kess sold 23,434 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the transaction, the insider now owns 48,387 shares of the company's stock, valued at $13,254,650.91. This trade represents a 32.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Travelers Companies Price Performance

Shares of TRV traded down $1.00 during trading hours on Monday, hitting $274.70. The stock had a trading volume of 127,056 shares, compared to its average volume of 1,291,599. The company's fifty day moving average is $261.47 and its two-hundred day moving average is $253.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $284.86. The stock has a market capitalization of $62.24 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the prior year, the firm earned $4.69 EPS. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.60%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 23.95%.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Travelers Companies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock worth $5,747,656,000 after acquiring an additional 115,808 shares during the last quarter. FMR LLC lifted its position in Travelers Companies by 1.6% during the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after purchasing an additional 229,160 shares during the period. Geode Capital Management LLC lifted its position in Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock valued at $1,269,321,000 after purchasing an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Travelers Companies by 1.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock valued at $903,937,000 after purchasing an additional 70,036 shares during the period. Finally, Bank of America Corp DE lifted its position in Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after purchasing an additional 2,466,098 shares during the period. Institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays dropped their target price on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. UBS Group decreased their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Finally, Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $271.11.

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.