Insider Selling: The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman Sells 4,500 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRVGet Free Report) Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Travelers Companies Stock Performance

Travelers Companies stock traded down $1.74 during mid-day trading on Monday, reaching $213.08. 1,020,238 shares of the stock traded hands, compared to its average volume of 1,615,156. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $215.71. The business’s 50-day moving average is $192.80 and its 200-day moving average is $175.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $48.67 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.58.

Travelers Companies (NYSE:TRVGet Free Report) last announced its earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $1.91. The company had revenue of $10.93 billion during the quarter, compared to analyst estimates of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.40 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.52 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, March 7th. This represents a $4.00 annualized dividend and a yield of 1.88%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.27%.

Analyst Upgrades and Downgrades

TRV has been the subject of several recent research reports. Oppenheimer initiated coverage on Travelers Companies in a research report on Thursday, November 16th. They set a “market perform” rating for the company. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. The Goldman Sachs Group raised their price objective on shares of Travelers Companies from $166.00 to $186.00 and gave the company a “sell” rating in a research note on Monday, January 22nd. HSBC initiated coverage on shares of Travelers Companies in a research note on Thursday, December 28th. They issued a “hold” rating and a $203.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Travelers Companies from $185.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $201.38.

Read Our Latest Stock Analysis on Travelers Companies

Institutional Trading of Travelers Companies

Several hedge funds have recently bought and sold shares of TRV. State Street Corp lifted its position in shares of Travelers Companies by 0.8% during the 2nd quarter. State Street Corp now owns 15,939,925 shares of the insurance provider’s stock valued at $2,768,127,000 after buying an additional 127,413 shares in the last quarter. Clearbridge Investments LLC raised its stake in Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after acquiring an additional 623,974 shares during the period. Geode Capital Management LLC lifted its holdings in Travelers Companies by 2.8% during the second quarter. Geode Capital Management LLC now owns 4,498,303 shares of the insurance provider’s stock valued at $779,244,000 after purchasing an additional 121,752 shares in the last quarter. Northern Trust Corp boosted its position in shares of Travelers Companies by 0.9% in the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock worth $560,451,000 after purchasing an additional 29,989 shares during the period. Finally, Morgan Stanley boosted its position in shares of Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock worth $615,847,000 after purchasing an additional 539,294 shares during the period. Institutional investors own 81.12% of the company’s stock.

Travelers Companies Company Profile

(Get Free Report)

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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Insider Buying and Selling by Quarter for Travelers Companies (NYSE:TRV)

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