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Sen. John Boozman Unloads Shares of The Travelers Companies, Inc. (NYSE:TRV)

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Key Points

  • Sen. John Boozman sold between $1,001 and $15,000 of Travelers Companies stock on July 2, according to a filing disclosed August 17. He also reported several other purchases and sales across financial, technology, consumer and energy stocks.
  • Travelers reported quarterly EPS of $10.04, well above the $5.41 analyst consensus, while revenue reached $12.15 billion. The company declared a $1.25 quarterly dividend, equivalent to a 1.4% annual yield.
  • TRV shares opened at $364.50, while analysts maintained a consensus “Hold” rating and a $354.26 price target. Company insiders have sold 62,667 shares worth about $22.7 million over the past three months.
  • MarketBeat previews top five stocks to own in September.

Senator John Boozman (Republican-Arkansas) recently sold shares of The Travelers Companies, Inc. NYSE: TRV. In a filing disclosed on August 17th, the Senator disclosed that they had sold between $1,001 and $15,000 in Travelers Companies stock on July 2nd.

Senator John Boozman also recently made the following trade(s):

Travelers Companies Price Performance

Shares of NYSE TRV opened at $364.50 on Tuesday. The stock's 50-day moving average is $347.35 and its two-hundred day moving average is $316.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick 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 company has a market cap of $76.03 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45.

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

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's payout ratio is presently 13.39%.

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. BMO Capital Markets lowered shares of Travelers Companies from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a report on Tuesday, May 26th. Truist Financial increased their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the company a "buy" rating in a research report on Monday, July 20th. Evercore set a $329.00 price objective on shares of Travelers Companies and gave the company an "in-line" rating in a report on Friday, July 10th. Finally, TD Cowen cut shares of Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price objective for the company. in a research report on Monday, July 13th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus price target of $354.26.

View Our Latest Research Report on TRV

Insider Activity

In related news, CFO Daniel S. Frey sold 14,037 shares of the business's stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer directly owned 27,535 shares of the company's stock, valued at $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of the company's stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company's stock, valued at $16,519,811.25. This represents a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 62,667 shares of company stock worth $22,688,329 over the last three months. Company insiders own 1.39% of the company's stock.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently added to or reduced their stakes in the business. Berman McAleer LLC increased its stake in Travelers Companies by 3.5% in the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider's stock valued at $295,000 after purchasing an additional 30 shares during the last quarter. Willner & Heller LLC lifted its position in shares of Travelers Companies by 2.7% during the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider's stock worth $398,000 after buying an additional 32 shares during the last quarter. Spinnaker Trust boosted its holdings in shares of Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider's stock valued at $565,000 after buying an additional 33 shares in the last quarter. Cim LLC boosted its holdings in shares of Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider's stock valued at $2,363,000 after buying an additional 34 shares in the last quarter. Finally, Avalon Trust Co grew its position in shares of Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider's stock valued at $2,562,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

About Travelers Companies

(Get Free Report)

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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