Travelers Companies (NYSE:TRV) EVP Sells 6,000 Shares

Key Points

• Travelers EVP Maria Olivo sold 6,000 shares at an average price of $369.86, totaling approximately $2.22 million. Her remaining stake fell 4.81% to 118,742 shares.
• Travelers shares declined 1.0% to $366.31, while the insurer reported strong quarterly results, with earnings of $10.04 per share versus the $5.41 analyst consensus and revenue of $12.15 billion.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $354.26.

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Maria Olivo sold 6,000 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $369.86, for a total value of $2,219,160.00. Following the transaction, the executive vice president owned 118,742 shares of the company's stock, valued at approximately $43,917,916.12. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Travelers Companies Stock Down 1.0%

Shares of Travelers Companies stock traded down $3.59 during trading hours on Monday, reaching $366.31. 1,878,267 shares of the company were exchanged, compared to its average volume of 1,701,182. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The firm has a market cap of $76.40 billion, a PE ratio of 9.81, a PEG ratio of 3.52 and a beta of 0.45. The stock's fifty day moving average is $358.56 and its 200 day moving average is $320.97.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to analysts' expectations of $11.26 billion. During the same period in the previous year, the company earned $6.51 earnings per share. Travelers Companies's quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies's dividend payout ratio is currently 13.39%.

Wall Street Analysts Forecast Growth

TRV has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of Travelers Companies from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Barclays boosted their price target on Travelers Companies from $295.00 to $318.00 and gave the company an "underweight" rating in a research report on Tuesday, July 21st. UBS Group increased their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Finally, Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $354.26.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently modified their holdings of TRV. California State Teachers Retirement System raised its stake in shares of Travelers Companies by 32,139.3% during the 2nd quarter. California State Teachers Retirement System now owns 110,690,887 shares of the insurance provider's stock worth $36,541,276,000 after purchasing an additional 110,347,546 shares in the last quarter. BlackRock Inc. bought a new stake in Travelers Companies during the 2nd quarter valued at approximately $6,915,909,000. State Street Corp boosted its position in shares of Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider's stock valued at $4,641,093,000 after acquiring an additional 486,861 shares during the period. Morgan Stanley grew its position in Travelers Companies by 2.3% in the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider's stock worth $1,100,416,000 after purchasing an additional 85,298 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Travelers Companies during the second quarter worth about $799,601,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Company Profile

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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