Insider Selling: Travelers Companies (NYSE:TRV) EVP Sells 10,000 Shares of Stock

Key Points

• Travelers Companies EVP Michael Frederick Klein sold 10,000 shares on May 26 at an average price of $307.65, generating about $3.08 million and reducing his ownership by 18.14%.
• The company recently reported stronger-than-expected quarterly results, with EPS of $7.71 versus the $6.80 consensus and revenue of $11.92 billion, while analysts now expect full-year EPS of 28.03.
• Travelers raised its quarterly dividend to $1.25 per share from $1.10, putting the annualized payout at $5.00 and the dividend yield at 1.7%.

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Michael Frederick Klein sold 10,000 shares of the business's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, April 20th, Michael Frederick Klein sold 10,000 shares of Travelers Companies stock. The shares were sold at an average price of $303.77, for a total transaction of $3,037,700.00.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded down $4.87 on Wednesday, hitting $299.97. The company had a trading volume of 1,224,988 shares, compared to its average volume of 1,542,335. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12. The stock has a market cap of $63.79 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 2.76 and a beta of 0.50. The stock has a 50 day moving average price of $299.60 and a 200 day moving average price of $293.46. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the previous year, the company earned $1.91 earnings per share. The company's quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a $1.25 dividend. This is an increase from Travelers Companies's previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, June 10th. Travelers Companies's dividend payout ratio is presently 14.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $316.00 to $322.00 in a report on Tuesday. Cantor Fitzgerald upped their price target on shares of Travelers Companies from $316.00 to $319.00 and gave the company an "overweight" rating in a research note on Monday, February 2nd. UBS Group restated a "neutral" rating on shares of Travelers Companies in a research note on Monday, February 2nd. Barclays upped their price target on shares of Travelers Companies from $312.00 to $331.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 8th. Finally, Evercore restated an "outperform" rating on shares of Travelers Companies in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus price target of $311.47.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Allen Capital Group LLC grew its stake in Travelers Companies by 6.0% during the first quarter. Allen Capital Group LLC now owns 741 shares of the insurance provider's stock worth $216,000 after buying an additional 42 shares in the last quarter. Ruggaard & Associates LLC grew its stake in Travelers Companies by 5.5% during the first quarter. Ruggaard & Associates LLC now owns 1,250 shares of the insurance provider's stock worth $365,000 after buying an additional 65 shares in the last quarter. Groupama Asset Managment acquired a new stake in Travelers Companies during the first quarter worth about $762,000. Segall Bryant & Hamill LLC acquired a new stake in Travelers Companies during the first quarter worth about $1,295,000. Finally, FinArc Investments Inc. acquired a new stake in Travelers Companies during the first quarter worth about $4,418,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

About Travelers Companies

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.

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