Insider Selling: The Travelers Companies, Inc. (NYSE:TRV) EVP Sells 12,069 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP David Donnay Rowland sold 12,069 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.01, for a total transaction of $3,307,026.69. Following the completion of the transaction, the executive vice president now owns 11,731 shares in the company, valued at approximately $3,214,411.31. This trade represents a 50.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Travelers Companies Stock Down 0.4%

Shares of NYSE:TRV traded down $1.00 during mid-day trading on Monday, reaching $274.70. 127,056 shares of the stock were exchanged, compared to its average volume of 1,291,599. The stock's 50 day simple moving average is $261.47 and its 200-day simple moving average is $253.59. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $284.86. The company has a market cap of $62.24 billion, a P/E ratio of 12.79, a P/E/G ratio of 4.65 and a beta of 0.53. 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 posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period last year, the company earned $4.69 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TRV shares. UBS Group lowered their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday, April 17th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Finally, HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $271.11.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRV. Cornerstone Planning Group LLC increased its stake in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after buying an additional 84 shares during the last quarter. Putney Financial Group LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth about $26,000. Ameriflex Group Inc. acquired a new position in shares of Travelers Companies during the 4th quarter worth about $26,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies during the 1st quarter worth about $26,000. Finally, YANKCOM Partnership acquired a new position in shares of Travelers Companies during the 4th quarter worth about $27,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

About Travelers Companies

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.