The Travelers Companies, Inc. (NYSE:TRV) EVP Sells $1,026,433.45 in Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Travelers Companies Price Performance

TRV stock traded down $0.48 during mid-day trading on Tuesday, reaching $259.22. The company’s stock had a trading volume of 984,278 shares, compared to its average volume of 1,317,506. The stock has a market cap of $59.08 billion, a PE ratio of 13.29, a P/E/G ratio of 1.40 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $269.55. The company’s 50 day moving average is $232.88 and its two-hundred day moving average is $219.74.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the company posted $1.95 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post 17.45 EPS 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 paid a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday. Piper Sandler decreased their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, UBS Group upped their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $247.45.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds have recently made changes to their positions in TRV. JPMorgan Chase & Co. lifted its holdings in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after buying an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Travelers Companies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after buying an additional 165,708 shares in the last quarter. Legal & General Group Plc lifted its holdings in Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after buying an additional 37,029 shares in the last quarter. Boston Partners lifted its holdings in Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after buying an additional 196,011 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Travelers Companies by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock worth $233,769,000 after buying an additional 85,619 shares in the last quarter. Hedge funds and other institutional investors 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.