The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman Sells $549,000.00 in Stock

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the transaction, the insider now owns 255,086 shares in the company, valued at $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Travelers Companies Stock Up 0.6%

Travelers Companies stock traded up $1.54 on Friday, hitting $275.95. 2,689,910 shares of the stock traded hands, compared to its average volume of 1,296,158. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.65. 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 business's fifty day simple moving average is $261.47 and its 200 day simple moving average is $253.61. The firm has a market cap of $62.52 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

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, beating 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, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio bought a new position in shares of Travelers Companies during the first quarter valued at $15,844,000. Jacobi Capital Management LLC increased its holdings in Travelers Companies by 4.5% in the 1st quarter. Jacobi Capital Management LLC now owns 8,400 shares of the insurance provider's stock worth $2,221,000 after buying an additional 359 shares in the last quarter. McAdam LLC bought a new stake in Travelers Companies in the 1st quarter worth about $207,000. Acadian Asset Management LLC increased its holdings in Travelers Companies by 41.2% in the 1st quarter. Acadian Asset Management LLC now owns 898,710 shares of the insurance provider's stock worth $237,655,000 after buying an additional 262,265 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Travelers Companies by 7.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,181 shares of the insurance provider's stock worth $841,000 after buying an additional 223 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on TRV shares. Wells Fargo & Company increased their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research report 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. Evercore ISI increased their price objective on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research note on Monday, March 24th. Finally, Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.