Travelers Companies (NYSE:TRV) EVP Mojgan Lefebvre Sells 11,000 Shares of Stock

Key Points

• Travelers EVP Mojgan Lefebvre sold 11,000 shares at an average price of $393.84, totaling $4.33 million and reducing her direct position by 50%.
• Travelers reported quarterly EPS of $9.18, beating expectations of $7.39, while revenue reached $12.41 billion versus estimates of $11.36 billion.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.3% yield; analysts maintain an average “Hold” rating with a $366.37 price target.

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Mojgan Lefebvre sold 11,000 shares of the firm's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total value of $4,332,240.00. Following the sale, the executive vice president directly owned 11,000 shares in the company, valued at approximately $4,332,240. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Travelers Companies Price Performance

TRV traded down $3.49 on Wednesday, reaching $393.54. The stock had a trading volume of 1,551,129 shares, compared to its average volume of 1,643,935. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $80.66 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 2.78 and a beta of 0.43. The Travelers Companies, Inc. has a fifty-two week low of $264.25 and a fifty-two week high of $407.86. The firm has a 50-day moving average of $372.66 and a 200-day moving average of $327.82.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, beating analysts' consensus estimates of $7.39 by $1.79. The firm had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm posted $8.14 earnings per share. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 36.08 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies's dividend payout ratio (DPR) is 13.11%.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Travelers Companies during the second quarter worth $6,915,909,000. Bank of America Corp DE acquired a new stake in Travelers Companies during the 2nd quarter worth about $932,142,000. GQG Partners LLC acquired a new stake in Travelers Companies during the 2nd quarter worth about $789,024,000. Legal & General Group Plc acquired a new stake in Travelers Companies during the 2nd quarter worth about $558,164,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Travelers Companies in the 2nd quarter worth about $469,505,000. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on TRV shares. Truist Financial increased their price objective on Travelers Companies from $425.00 to $435.00 and gave the company a "buy" rating in a report on Monday, October 19th. Bank of America lifted their target price on Travelers Companies from $283.00 to $307.00 and gave the stock an "underperform" rating in a report on Monday, July 20th. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $372.00 to $382.00 and gave the stock a "market perform" rating in a report on Tuesday, October 20th. Wells Fargo & Company upped their price target on Travelers Companies from $341.00 to $377.00 and gave the company an "equal weight" rating in a research report on Monday, October 19th. Finally, Weiss Ratings raised Travelers Companies from a "buy (a)" rating to a "buy (a+)" rating in a research note on Friday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $366.37.

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers' compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.

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