Travelers Companies (NYSE:TRV) EVP Maria Olivo Sells 15,000 Shares of Company Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the sale, the executive vice president directly owned 88,642 shares in the company, valued at approximately $36,077,294. This represents a 14.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, October 21st, Maria Olivo sold 15,100 shares of Travelers Companies stock. The shares were sold at an average price of $398.44, for a total value of $6,016,444.00.
• On Friday, August 28th, Maria Olivo sold 6,000 shares of Travelers Companies stock. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00.

Travelers Companies Stock Performance

Travelers Companies stock opened at $395.08 on Friday. The stock has a market capitalization of $80.97 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 2.76 and a beta of 0.40. The Travelers Companies, Inc. has a 12-month low of $268.00 and a 12-month high of $418.00. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $377.66 and a 200 day simple moving average of $332.77.

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, topping the consensus estimate of $7.39 by $1.79. The company had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $8.14 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 36.27 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies’s dividend payout ratio is currently 13.11%.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of TRV. Ibex Wealth Advisors raised its stake in shares of Travelers Companies by 2.1% in the third quarter. Ibex Wealth Advisors now owns 2,967 shares of the insurance provider’s stock worth $1,058,000 after acquiring an additional 61 shares during the last quarter. Financial Freedom LLC purchased a new position in Travelers Companies in the 3rd quarter worth approximately $166,000. Aberdeen Group plc raised its holdings in shares of Travelers Companies by 6.4% during the third quarter. Aberdeen Group plc now owns 202,741 shares of the insurance provider’s stock valued at $72,279,000 after purchasing an additional 12,190 shares during the last quarter. Moors & Cabot Inc. raised its stake in Travelers Companies by 17.2% in the third quarter. Moors & Cabot Inc. now owns 10,250 shares of the insurance provider’s stock worth $3,654,000 after buying an additional 1,504 shares in the last quarter. Finally, Allworth Financial LP raised its position in Travelers Companies by 381.2% during the third quarter. Allworth Financial LP now owns 50,725 shares of the insurance provider’s stock worth $16,745,000 after acquiring an additional 40,183 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRV. Morgan Stanley boosted their target price on Travelers Companies from $330.00 to $350.00 and gave the stock an “underweight” rating in a research report on Friday, October 23rd. Raymond James Financial raised their price objective on shares of Travelers Companies from $430.00 to $450.00 in a report on Monday, October 19th. Roth Capital reaffirmed a “buy” rating and issued a $425.00 target price (up from $345.00) on shares of Travelers Companies in a research report on Monday, October 26th. Barclays upped their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Finally, Cantor Fitzgerald increased their target price on Travelers Companies from $378.00 to $397.00 and gave the stock an “overweight” rating in a research report on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $370.83.

Travelers Companies Company Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.