Travelers Companies (NYSE:TRV) EVP Sells 15,000 Shares of Company Stock

Key Points

• EVP Maria Olivo sold 15,000 Travelers shares for about $6.1 million at an average price of $407, reducing her stake by 14.47% to 88,642 shares. She had also sold 15,100 shares in October.
• Travelers reported quarterly EPS of $9.18, beating the $7.39 consensus, and revenue of $12.41 billion versus expectations of $11.36 billion; revenue was down 0.5% year over year.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.3% yield. Analysts’ average rating was “Hold,” with an average price target of $370.83.

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Maria Olivo sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $407.00, for a total value of $6,105,000.00. Following the transaction, the executive vice president owned 88,642 shares in the company, valued at $36,077,294. The trade was a 14.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Maria Olivo also recently made the following trade(s):

• On Wednesday, October 21st, Maria Olivo sold 15,100 shares of Travelers Companies stock. The shares were sold at an average price of $398.44, for a total value of $6,016,444.00.
• On Friday, August 28th, Maria Olivo sold 6,000 shares of Travelers Companies stock. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded down $7.81 during trading on Friday, reaching $395.08. The company's stock had a trading volume of 1,414,994 shares, compared to its average volume of 1,641,163. The business has a 50 day moving average price of $377.14 and a 200-day moving average price of $332.14. The Travelers Companies, Inc. has a 12-month low of $268.00 and a 12-month high of $418.00. The company has a market capitalization of $80.97 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 2.83 and a beta of 0.40. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The firm had revenue of $12.41 billion during the quarter, compared to analysts' expectations of $11.36 billion. During the same quarter in the prior year, the business posted $8.14 earnings per share. Travelers Companies's revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 36.27 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies's dividend payout ratio is 13.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Travelers Companies during the 2nd quarter worth approximately $6,915,909,000. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider's stock valued at $1,016,433,000 after buying an additional 123,564 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $932,142,000. GQG Partners LLC purchased a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $789,024,000. Finally, Legal & General Group Plc acquired a new stake in shares of Travelers Companies during the second quarter worth approximately $558,164,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Argus raised their price objective on shares of Travelers Companies from $330.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. TD Cowen lowered shares of Travelers Companies from a "hold" rating to a "sell" rating and upped their target price for the stock from $288.00 to $297.00 in a research report on Monday, July 13th. Bank of America upped their target price on shares of Travelers Companies from $301.00 to $320.00 and gave the stock an "underperform" rating in a research report on Monday, October 12th. Jefferies Financial Group increased their target price on shares of Travelers Companies from $351.00 to $365.00 and gave the company a "hold" rating in a report on Monday, October 19th. Finally, UBS Group reiterated a "neutral" rating and set a $405.00 price target (up from $383.00) on shares of Travelers Companies in a research report on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $370.83.

About Travelers Companies

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers' compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.

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