Insider Selling: The Travelers Companies, Inc. (NYSE:TRV) CFO Sells 5,000 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) CFO Daniel S. Frey sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares in the company, valued at $3,941,843.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Travelers Companies Trading Down 0.3 %

Travelers Companies stock traded down $0.54 during mid-day trading on Friday, hitting $213.45. 1,612,018 shares of the stock were exchanged, compared to its average volume of 1,495,871. The firm's fifty day simple moving average is $221.50 and its two-hundred day simple moving average is $198.41. The stock has a market capitalization of $48.88 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.11 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share 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 net margin of 7.32% and a return on equity of 13.94%. The business's revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.11 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.78 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. 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%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. Travelers Companies's payout ratio is currently 29.72%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRV. UBS Group reduced 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 target price on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Monday, April 15th. Raymond James lifted their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a "strong-buy" rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods cut their target price on shares of Travelers Companies from $241.00 to $231.00 and set a "market perform" rating on the stock in a research report on Thursday, April 18th. Finally, JMP Securities reiterated a "market perform" rating on shares of Travelers Companies in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $223.47.

Institutional Trading of Travelers Companies

Several hedge funds have recently modified their holdings of TRV. AE Wealth Management LLC increased its stake in Travelers Companies by 5.7% during the 3rd quarter. AE Wealth Management LLC now owns 5,019 shares of the insurance provider's stock valued at $820,000 after purchasing an additional 271 shares in the last quarter. IFP Advisors Inc increased its stake in Travelers Companies by 14.0% during the 3rd quarter. IFP Advisors Inc now owns 1,300 shares of the insurance provider's stock valued at $212,000 after purchasing an additional 160 shares in the last quarter. Global Retirement Partners LLC increased its stake in Travelers Companies by 14.2% during the 3rd quarter. Global Retirement Partners LLC now owns 850 shares of the insurance provider's stock valued at $138,000 after purchasing an additional 106 shares in the last quarter. Oak Thistle LLC boosted its holdings in Travelers Companies by 132.4% during the 3rd quarter. Oak Thistle LLC now owns 6,971 shares of the insurance provider's stock worth $1,138,000 after acquiring an additional 3,971 shares during the last quarter. Finally, Czech National Bank boosted its holdings in Travelers Companies by 46.3% during the 3rd quarter. Czech National Bank now owns 40,014 shares of the insurance provider's stock worth $6,535,000 after acquiring an additional 12,671 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

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.