Andy F. Bessette Sells 4,520 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Travelers Companies Price Performance

NYSE TRV opened at $245.64 on Friday. The Travelers Companies, Inc. has a 12 month low of $165.84 and a 12 month high of $269.55. The firm has a market capitalization of $55.76 billion, a PE ratio of 12.60, a P/E/G ratio of 1.20 and a beta of 0.62. The company’s 50 day simple moving average is $239.19 and its 200 day simple moving average is $221.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $1.95 EPS. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 18.53 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Analyst Ratings Changes

Several research firms have recently commented on TRV. The Goldman Sachs Group boosted their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research report on Tuesday, October 22nd. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday. Citigroup raised their price target on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Finally, Piper Sandler cut their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $247.90.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies during the first quarter valued at $35,000. Beacon Capital Management LLC boosted its position in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC boosted its position in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the 3rd quarter worth about $50,000. Institutional investors and hedge funds 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.