Travelers Companies (NYSE:TRV) Shares Gap Down to $223.12

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $223.12, but opened at $206.08. Travelers Companies shares last traded at $207.25, with a volume of 4,185,190 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TRV shares. TD Cowen initiated coverage on shares of Travelers Companies in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $247.00 target price for the company. Janney Montgomery Scott began coverage on Travelers Companies in a report on Wednesday, December 20th. They issued a "buy" rating and a $215.00 price objective on the stock. Evercore ISI increased their target price on Travelers Companies from $230.00 to $253.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Piper Sandler reaffirmed a "neutral" rating and set a $213.00 price objective on shares of Travelers Companies in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. raised their target price on Travelers Companies from $194.00 to $213.00 and gave the company an "underweight" rating in a report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and a consensus target price of $217.00.

Travelers Companies Stock Down 7.4 %

The company has a market cap of $47.33 billion, a PE ratio of 16.15, a P/E/G ratio of 1.16 and a beta of 0.58. The firm has a 50-day simple moving average of $222.02 and a two-hundred day simple moving average of $196.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.74 by ($0.05). Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the previous year, the firm posted $4.11 EPS. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.03%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. Travelers Companies's dividend payout ratio (DPR) is 31.27%.

Insider Buying and Selling at Travelers Companies

In other news, SVP Paul E. Munson sold 2,121 shares of the firm's stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the sale, the senior vice president now owns 719 shares in the company, valued at $153,046.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Daniel S. Frey sold 38,000 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company's stock, valued at $3,147,865.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul E. Munson sold 2,121 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the transaction, the senior vice president now owns 719 shares in the company, valued at approximately $153,046.34. The disclosure for this sale can be found here. In the last three months, insiders sold 109,775 shares of company stock worth $23,343,903. Insiders own 1.33% of the company's stock.

Institutional Trading of Travelers Companies

Institutional investors and hedge funds have recently made changes to their positions in the company. FWL Investment Management LLC acquired a new stake in Travelers Companies during the fourth quarter worth about $28,000. First Command Advisory Services Inc. purchased a new position in Travelers Companies in the third quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new position in Travelers Companies in the third quarter valued at approximately $27,000. Northwest Financial Advisors purchased a new stake in Travelers Companies during the fourth quarter worth approximately $32,000. Finally, Quarry LP acquired a new stake in shares of Travelers Companies in the fourth quarter worth $33,000. 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.