Travelers Companies (NYSE:TRV) CFO Sells $6,956,250.00 in Stock

The Travelers Companies, Inc. (NYSE:TRV) CFO Daniel Frey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,493,829. The trade was a 48.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Travelers Companies Trading Up 1.2%

Shares of Travelers Companies stock opened at $279.52 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $274.23 and a 200-day simple moving average of $268.85. The stock has a market cap of $62.35 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $287.95.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the previous year, the company earned $5.24 earnings per share. Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is 17.30%.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently modified their holdings of TRV. Cornerstone Planning Group LLC grew its holdings in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Barnes Dennig Private Wealth Management LLC grew its stake in Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Osterweis Capital Management Inc. increased its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies during the first quarter worth about $26,000. Finally, Missouri Trust & Investment Co grew its position in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research note on Thursday, October 9th. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Morgan Stanley upped their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Finally, UBS Group lifted their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $291.31.

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.