Travelers Companies (NYSE:TRV) EVP Maria Olivo Sells 15,100 Shares of Company Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 15,100 shares of the business’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $398.44, for a total transaction of $6,016,444.00. Following the transaction, the executive vice president directly owned 103,642 shares in the company, valued at approximately $41,295,118.48. The trade was a 12.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Maria Olivo also recently made the following trade(s):

• On Friday, August 28th, Maria Olivo sold 6,000 shares of Travelers Companies stock. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00.

Travelers Companies Trading Up 1.7%

NYSE:TRV opened at $405.64 on Friday. The company has a 50-day moving average price of $370.83 and a 200-day moving average price of $340.73. The Travelers Companies, Inc. has a 12 month low of $264.25 and a 12 month high of $407.87. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The stock has a market cap of $83.14 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 2.81 and a beta of 0.43.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. During the same quarter in the previous year, the company earned $8.14 earnings per share. Travelers Companies’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts predict that The Travelers Companies, Inc. will post 35.65 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, December 10th. This represents a $5.00 annualized dividend and a yield of 1.2%. Travelers Companies’s dividend payout ratio (DPR) is 13.11%.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds have recently bought and sold shares of the business. Capital Investment Advisors LLC lifted its holdings in shares of Travelers Companies by 1.1% during the third quarter. Capital Investment Advisors LLC now owns 3,672 shares of the insurance provider’s stock valued at $1,309,000 after purchasing an additional 39 shares during the last quarter. Beaumont Financial Advisors LLC grew its stake in shares of Travelers Companies by 2.4% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 1,347 shares of the insurance provider’s stock worth $480,000 after buying an additional 31 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Travelers Companies by 6.1% in the 3rd quarter. Wedbush Securities Inc. now owns 3,113 shares of the insurance provider’s stock worth $1,110,000 after buying an additional 178 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Travelers Companies by 3.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,362 shares of the insurance provider’s stock worth $1,555,000 after buying an additional 142 shares during the last quarter. Finally, XXI Wealth LLC increased its position in Travelers Companies by 13.0% during the 3rd quarter. XXI Wealth LLC now owns 1,223 shares of the insurance provider’s stock valued at $436,000 after buying an additional 141 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

More Travelers Companies News

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Keefe, Bruyette & Woods, Mizuho, and JPMorgan Chase each raised their price targets for Travelers, signaling greater confidence in the insurer’s earnings outlook and supporting the stock’s recent strength. Keefe, Bruyette & Woods price target article Mizuho price target article JPMorgan price target article
• Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, while Truist Financial also increased its price target. These revisions add to the positive analyst momentum around the company. Wells Fargo analyst article Truist Financial price target article
• Positive Sentiment: A recent investment article highlighted Travelers’ strong underwriting profitability, noting that the company retains roughly 16 cents of each premium dollar as underwriting profit. Its latest reported quarter also exceeded consensus estimates for both earnings and revenue, reinforcing the investment case. Insurance stocks investment article
• Neutral Sentiment: Analyst views remain mixed: BMO Capital assigned a Hold rating, while Barclays issued a Sell rating. The split suggests valuation and future growth remain areas of debate despite the recent target increases. BMO Hold rating Barclays Sell rating
• Negative Sentiment: Travelers executives Michael Klein and Maria Olivo sold a combined 22,600 shares worth approximately $9 million. Although both retained substantial holdings, the sales reduce insider ownership and may create a modest negative signal for investors. Michael Klein SEC filing Maria Olivo SEC filing

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America upped their target price on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. Mizuho raised their target price on Travelers Companies from $345.00 to $371.00 and gave the company a “neutral” rating in a research note on Tuesday. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Barclays upped their price target on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Finally, Raymond James Financial set a $430.00 price objective on Travelers Companies in a report on Monday, July 20th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $364.32.

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.