The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.50, for a total transaction of $777,000.00. Following the completion of the sale, the insider now directly owns 245,744 shares of the company’s stock, valued at approximately $31,823,848. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

The Travelers Companies, Inc. (NYSE TRV) traded down 0.08% during midday trading on Friday, hitting $129.45. 870,385 shares of the stock were exchanged. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.00. The stock has a market cap of $35.72 billion, a PE ratio of 12.89 and a beta of 1.20. The company’s 50 day moving average is $126.93 and its 200-day moving average is $122.59.

The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post $8.92 earnings per share for the current year.

The Travelers Companies declared that its Board of Directors has approved a stock repurchase program on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s payout ratio is 28.77%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Cohen Lawrence B increased its position in shares of The Travelers Companies by 26.1% in the first quarter. Cohen Lawrence B now owns 4,540 shares of the insurance provider’s stock valued at $547,000 after buying an additional 940 shares during the last quarter. Rosenbaum Jay D. increased its position in shares of The Travelers Companies by 12.0% in the first quarter. Rosenbaum Jay D. now owns 5,025 shares of the insurance provider’s stock valued at $605,000 after buying an additional 540 shares during the last quarter. Moreno Evelyn V increased its position in shares of The Travelers Companies by 15.0% in the first quarter. Moreno Evelyn V now owns 51,155 shares of the insurance provider’s stock valued at $6,167,000 after buying an additional 6,660 shares during the last quarter. Watch Point Trust Co increased its position in shares of The Travelers Companies by 0.9% in the first quarter. Watch Point Trust Co now owns 16,040 shares of the insurance provider’s stock valued at $1,933,000 after buying an additional 150 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of The Travelers Companies by 4.6% in the first quarter. CENTRAL TRUST Co now owns 9,199 shares of the insurance provider’s stock valued at $1,109,000 after buying an additional 402 shares during the last quarter. 79.01% of the stock is currently owned by institutional investors.

TRV has been the subject of several analyst reports. Argus upgraded 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 research report on Monday, April 24th. Citigroup Inc. upped their price objective on shares of The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a research report on Tuesday, June 27th. Bank of America Corporation cut shares of The Travelers Companies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Finally, BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $123.79.

About The Travelers Companies

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.

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

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