Jeffrey P. Klenk Sells 15,180 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Jeffrey P. Klenk sold 15,180 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total value of $4,142,166.60. Following the transaction, the executive vice president now owns 6,075 shares of the company's stock, valued at approximately $1,657,685.25. This represents a 71.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Travelers Companies Stock Performance

Shares of TRV traded down $1.00 during midday trading on Monday, reaching $274.70. 127,056 shares of the stock were exchanged, compared to its average volume of 1,291,599. The business's 50-day moving average price is $261.47 and its 200 day moving average price 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. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $284.86. The company has a market capitalization of $62.24 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter in the previous year, the firm earned $4.69 earnings per share. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on TRV. JPMorgan Chase & Co. raised their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Evercore ISI boosted their target price on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 28th. Finally, Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $271.11.

Hedge Funds Weigh In On Travelers Companies

Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC increased its position in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 84 shares during the period. Putney Financial Group LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $26,000. Ameriflex Group Inc. acquired a new position in Travelers Companies in the 4th quarter valued at about $26,000. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies in the 1st quarter valued at about $26,000. Finally, YANKCOM Partnership acquired a new position in Travelers Companies in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 82.45% of the company's stock.

About Travelers Companies

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.