The Travelers Companies, Inc. (NYSE:TRV) CFO Sells $5,547,815.28 in Stock

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the transaction, the chief financial officer now directly owns 26,932 shares of the company's stock, valued at $7,365,363.36. The trade was a 42.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Travelers Companies Stock Down 0.4%

Shares of NYSE TRV traded down $1.00 during trading on Monday, reaching $274.70. The company had a trading volume of 127,056 shares, compared to its average volume of 1,291,599. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $284.86. The stock has a market cap of $62.24 billion, a PE ratio of 12.79, a P/E/G ratio of 4.65 and a beta of 0.53. The business's 50-day moving average is $261.47 and its 200 day moving average is $253.59. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results 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 return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the prior year, the firm posted $4.69 earnings per share. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.60%. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently modified their holdings of the business. Bearing Point Capital LLC boosted its position in shares of Travelers Companies by 2.0% during the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after buying an additional 38 shares during the last quarter. Forum Financial Management LP boosted its position in Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after purchasing an additional 39 shares during the last quarter. Y.D. More Investments Ltd boosted its position in Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock worth $84,000 after purchasing an additional 39 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Travelers Companies by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after buying an additional 41 shares during the period. Finally, Quent Capital LLC raised its stake in shares of Travelers Companies by 3.3% in the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after buying an additional 43 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TRV shares. UBS Group reduced their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a report on Monday, March 24th. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Barclays dropped their target price on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus price target 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.