Diane Kurtzman Sells 3,941 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $257.35 on Thursday. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.34. The stock has a market capitalization of $58.66 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.40 and a beta of 0.62. The firm has a fifty day moving average of $234.71 and a two-hundred day moving average of $220.20.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate 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 was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.95 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.45 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Institutional Investors Weigh In On Travelers Companies

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

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday. The Goldman Sachs Group raised their price target on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday. BMO Capital Markets boosted their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Barclays raised their target price on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Company Profile

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.