William H. Heyman Sells 3,740 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Travelers Companies Price Performance

Shares of TRV stock opened at $266.66 on Thursday. The Travelers Companies, Inc. has a twelve month low of $175.88 and a twelve month high of $269.55. The company has a market capitalization of $60.54 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $248.18 and a 200-day simple moving average of $226.96.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal 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 issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent research reports. Roth Mkm increased their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group increased their price target on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday, October 22nd. Bank of America boosted their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. Finally, Wells Fargo & Company boosted their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $251.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Ledyard National Bank grew its holdings in shares of Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 39 shares during the last quarter. Trueblood Wealth Management LLC lifted its stake in Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after acquiring an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. boosted its position in Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after acquiring an additional 42 shares during the period. Willner & Heller LLC grew its stake in Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 45 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the period. 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.