The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo Sells 36,199 Shares

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Maria Olivo sold 36,199 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president now owns 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Travelers Companies Trading Down 0.4%

TRV traded down $1.00 during trading on Monday, hitting $274.70. 127,056 shares of the stock traded hands, compared to its average volume of 1,291,599. 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 firm has a 50-day moving average of $261.47 and a 200 day moving average of $253.59. The firm has a market capitalization of $62.24 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $284.86.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results 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 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 analysts' expectations of $10.97 billion. During the same period in the previous year, the company earned $4.69 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

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

Hedge Funds Weigh In On Travelers Companies

Several large investors have recently added to or reduced their stakes in TRV. Cornerstone Planning Group LLC lifted its holdings in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares in the last quarter. Putney Financial Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Travelers Companies in the first quarter worth $26,000. Finally, YANKCOM Partnership purchased a new position in shares of Travelers Companies in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRV. Barclays lowered their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Wells Fargo & Company upped their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Jefferies Financial Group lifted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. UBS Group cut their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $271.11.

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.