The Travelers Companies, Inc. (NYSE:TRV) CEO Sells $10,541,102.88 in Stock

The Travelers Companies, Inc. (NYSE:TRV) CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Travelers Companies Trading Down 0.7 %

NYSE TRV opened at $257.35 on Thursday. The stock has a 50-day moving average of $234.71 and a 200-day moving average of $220.20. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $269.55. The firm has a market cap of $58.66 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter last year, the firm earned $1.95 EPS. The company’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.45 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors have recently bought and sold shares of TRV. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies in the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies during the first quarter valued at approximately $35,000. Beacon Capital Management LLC raised its stake in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC increased its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the last quarter. Finally, Tributary Capital Management LLC bought a new position in shares of Travelers Companies in the 1st quarter worth approximately $45,000. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TRV shares. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. UBS Group upped their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays raised their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, BMO Capital Markets raised their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average target price of $247.90.

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.