The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) SVP Paul E. Munson sold 4,052 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.29, for a total value of $1,107,371.08. Following the completion of the transaction, the senior vice president now directly owns 735 shares in the company, valued at $200,868.15. This trade represents a 84.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Travelers Companies Stock Performance
NYSE TRV traded up $1.54 during trading hours on Friday, hitting $275.95. The company had a trading volume of 2,689,910 shares, compared to its average volume of 1,296,158. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $277.65. The company has a market cap of $62.52 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The business has a 50 day moving average of $261.47 and a 200-day moving average of $253.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the firm earned $4.69 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.
Travelers Companies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. Travelers Companies's dividend payout ratio is 23.95%.
Institutional Investors Weigh In On Travelers Companies
Hedge funds have recently made changes to their positions in the business. Cornerstone Planning Group LLC increased its position in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after purchasing an additional 84 shares during the period. Putney Financial Group LLC acquired a new position in Travelers Companies during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new position in Travelers Companies during the 4th quarter worth approximately $26,000. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies during the 1st quarter worth approximately $26,000. Finally, YANKCOM Partnership acquired a new position in Travelers Companies during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 82.45% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on the company. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. JPMorgan Chase & Co. increased their target price on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a report on Wednesday. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Jefferies Financial Group increased their target price on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $271.11.
Check Out Our Latest Analysis on Travelers Companies
Travelers Companies Company Profile
(
Get Free Report)
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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