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

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Travelers Companies Stock Performance

Shares of NYSE TRV traded down $0.89 during mid-day trading on Wednesday, hitting $213.43. The company had a trading volume of 1,129,164 shares, compared to its average volume of 1,495,397. The stock has a market cap of $48.87 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.12 and a beta of 0.58. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The firm's 50 day simple moving average is $221.75 and its two-hundred day simple moving average is $197.84.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the business posted $4.11 EPS. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $1.05 dividend. This is an increase from Travelers Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.97%. Travelers Companies's dividend payout ratio (DPR) is 29.72%.

Institutional Trading of Travelers Companies

Large investors have recently added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. increased its position in Travelers Companies by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider's stock valued at $18,217,000 after acquiring an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC increased its position in Travelers Companies by 124.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider's stock valued at $2,660,000 after acquiring an additional 7,649 shares during the period. Worth Asset Management LLC acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $2,201,000. Nordea Investment Management AB increased its position in Travelers Companies by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider's stock valued at $46,919,000 after acquiring an additional 16,580 shares during the period. Finally, DNB Asset Management AS increased its position in shares of Travelers Companies by 53.5% during the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider's stock valued at $13,240,000 after purchasing an additional 24,230 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TRV shares. UBS Group dropped their price target on shares of Travelers Companies from $237.00 to $230.00 and set a "neutral" rating on the stock in a research note on Monday. Morgan Stanley lifted their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Monday, April 15th. StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, April 18th. HSBC lifted their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a "hold" rating in a research note on Thursday, April 4th. Finally, Raymond James upped their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the company a "strong-buy" rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $223.47.

Travelers Companies Company Profile

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.

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