The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein Sells 9,044 Shares

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Michael Frederick Klein sold 9,044 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.17, for a total value of $2,479,593.48. Following the completion of the transaction, the executive vice president now owns 33,638 shares in the company, valued at $9,222,530.46. This represents a 21.19% 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 link.

Travelers Companies Stock Down 0.4%

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

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) 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 company had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the previous year, the firm posted $4.69 EPS. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is presently 23.95%.

Analyst Ratings Changes

Several brokerages have recently commented on TRV. JPMorgan Chase & Co. increased their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research 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, May 28th. Barclays dropped their target price on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Finally, 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. 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 stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average target price of $271.11.

Institutional Trading of Travelers Companies

A number of large investors have recently modified their holdings of the stock. Bearing Point Capital LLC grew its stake in shares of Travelers Companies by 2.0% during the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock worth $522,000 after purchasing an additional 38 shares in the last quarter. Forum Financial Management LP raised its holdings in Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after purchasing an additional 39 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock worth $84,000 after purchasing an additional 39 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after purchasing an additional 41 shares in the last quarter. Finally, Quent Capital LLC grew its position in Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after buying an additional 43 shares during the period. Hedge funds and other 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.