The Travelers Companies, Inc. (NYSE:TRV) CEO Sells $9,707,143.68 in Stock

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the transaction, the chief executive officer now owns 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Travelers Companies Stock Performance

Shares of TRV stock traded down $1.00 during trading hours on Monday, hitting $274.70. The stock had a trading volume of 127,056 shares, compared to its average volume of 1,291,599. The firm has a market capitalization of $62.24 billion, a PE ratio of 12.79, a PEG ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $284.86. The stock's 50 day moving average is $261.47 and its 200 day moving average is $253.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly 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 return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same period last year, the company earned $4.69 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.60%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of TRV. Brighton Jones LLC increased its position in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after purchasing an additional 387 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Travelers Companies by 54.3% in the 4th quarter. Pacer Advisors Inc. now owns 26,065 shares of the insurance provider's stock valued at $6,279,000 after purchasing an additional 9,178 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in Travelers Companies by 16.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 2,414 shares of the insurance provider's stock worth $582,000 after acquiring an additional 349 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies during the 4th quarter worth approximately $276,000. Finally, Swedbank AB increased its holdings in Travelers Companies by 0.6% during the 4th quarter. Swedbank AB now owns 124,418 shares of the insurance provider's stock worth $29,971,000 after purchasing an additional 799 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRV. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $271.11.

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.