The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein Sells 10,051 Shares
The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein sold 10,051 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $127.47, for a total transaction of $1,281,200.97. Following the sale, the executive vice president now directly owns 1,542 shares of the company’s stock, valued at $196,558.74. The sale was disclosed in a document filed with the SEC, which is available through this link.
The Travelers Companies, Inc. (NYSE TRV) traded down 0.27% during mid-day trading on Thursday, hitting $125.66. The stock had a trading volume of 776,120 shares. The firm’s 50-day moving average price is $126.58 and its 200 day moving average price is $122.25. The company has a market cap of $34.68 billion, a PE ratio of 12.51 and a beta of 1.21. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $129.60.
The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.20 earnings per share. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post $8.95 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is presently 28.77%.
The Travelers Companies declared that its board has authorized a share repurchase program on Thursday, April 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.
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A number of research analysts recently weighed in on TRV shares. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price for the company in a report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $126.00 target price on shares of The Travelers Companies in a report on Monday, May 22nd. Argus raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a report on Monday, April 24th. Citigroup Inc. raised their target price on shares of The Travelers Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Friday, April 7th. Finally, BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $123.79.
Several institutional investors have recently added to or reduced their stakes in TRV. Janney Montgomery Scott LLC boosted its position in The Travelers Companies by 4.9% in the second quarter. Janney Montgomery Scott LLC now owns 183,392 shares of the insurance provider’s stock worth $23,205,000 after buying an additional 8,502 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in The Travelers Companies by 12,553.0% in the second quarter. Harbour Capital Advisors LLC now owns 213,203 shares of the insurance provider’s stock worth $1,685,000 after buying an additional 211,518 shares in the last quarter. First Merchants Corp boosted its position in The Travelers Companies by 4.0% in the second quarter. First Merchants Corp now owns 24,843 shares of the insurance provider’s stock worth $3,143,000 after buying an additional 966 shares in the last quarter. IBM Retirement Fund boosted its position in The Travelers Companies by 109.5% in the second quarter. IBM Retirement Fund now owns 6,812 shares of the insurance provider’s stock worth $963,000 after buying an additional 3,561 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its position in The Travelers Companies by 111.1% in the second quarter. Sumitomo Life Insurance Co. now owns 17,605 shares of the insurance provider’s stock worth $2,228,000 after buying an additional 9,266 shares in the last quarter. Institutional investors and hedge funds own 77.87% of the company’s stock.
The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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