The Travelers Companies, Inc. (NYSE:TRV) EVP Sells $1,145,639.20 in Stock

The Travelers Companies, Inc. (NYSE:TRVGet Free Report) EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Travelers Companies Price Performance

Travelers Companies stock traded up $1.42 during midday trading on Wednesday, reaching $250.09. The company’s stock had a trading volume of 1,085,682 shares, compared to its average volume of 1,310,306. The Travelers Companies, Inc. has a fifty-two week low of $165.84 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock’s 50 day simple moving average is $237.49 and its 200 day simple moving average is $220.96. The firm has a market capitalization of $57.27 billion, a PE ratio of 18.47, a P/E/G ratio of 1.21 and a beta of 0.62.

Travelers Companies (NYSE:TRVGet Free Report) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the company earned $1.95 earnings per share. Travelers Companies’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.53 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Pittenger & Anderson Inc. increased its position in shares of Travelers Companies by 0.7% in the third quarter. Pittenger & Anderson Inc. now owns 77,143 shares of the insurance provider’s stock valued at $18,061,000 after buying an additional 520 shares in the last quarter. Clarity Financial LLC purchased a new position in shares of Travelers Companies in the third quarter valued at $455,000. United Advisor Group LLC purchased a new position in shares of Travelers Companies in the third quarter valued at $313,000. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies in the third quarter valued at $50,000. Finally, QRG Capital Management Inc. increased its position in shares of Travelers Companies by 14.0% in the third quarter. QRG Capital Management Inc. now owns 62,534 shares of the insurance provider’s stock valued at $14,641,000 after buying an additional 7,689 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TRV shares. UBS Group increased their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $252.00 to $230.00 in a report on Monday, July 15th. Barclays increased their price objective on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Morgan Stanley decreased their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $247.90.

View Our Latest Research Report on Travelers Companies

About Travelers Companies

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Travelers Companies (NYSE:TRV)

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