The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman Jay S. Benet sold 16,566 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the transaction, the insider now directly owns 93,872 shares of the company’s stock, valued at $12,204,298.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of The Travelers Companies, Inc. (NYSE:TRV) traded down 0.35% during trading on Thursday, hitting $129.69. 2,317,107 shares of the company’s stock were exchanged. The stock has a market cap of $35.79 billion, a P/E ratio of 12.91 and a beta of 1.20. The firm has a 50-day moving average price of $127.10 and a 200-day moving average price of $123.01. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.18.

The Travelers Companies (NYSE:TRV) last posted its quarterly 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 net margin of 10.15% and a return on equity of 11.68%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm posted $2.20 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post $8.92 EPS for the current fiscal year.

The Travelers Companies announced that its board has approved a stock repurchase plan on Thursday, April 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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 $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.21%. The Travelers Companies’s dividend payout ratio is currently 28.77%.

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Several brokerages have recently commented on TRV. MKM Partners reaffirmed a “neutral” rating and set a $130.00 price objective (up from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. BidaskClub downgraded shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $115.00 price objective on shares of The Travelers Companies in a research note on Thursday, May 25th. Citigroup Inc. reaffirmed a “buy” rating and set a $148.00 price objective (down from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $126.00 price objective on shares of The Travelers Companies in a research note on Monday, May 22nd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $123.79.

Large investors have recently bought and sold shares of the stock. Howland Capital Management LLC raised its position in The Travelers Companies by 0.3% in the first quarter. Howland Capital Management LLC now owns 9,795 shares of the insurance provider’s stock valued at $1,181,000 after buying an additional 34 shares during the period. Pinnacle Bank purchased a new position in The Travelers Companies during the first quarter valued at approximately $564,000. Tompkins Financial Corp raised its position in The Travelers Companies by 0.3% in the first quarter. Tompkins Financial Corp now owns 21,796 shares of the insurance provider’s stock valued at $2,544,000 after buying an additional 60 shares during the period. BLB&B Advisors LLC raised its position in The Travelers Companies by 1.9% in the first quarter. BLB&B Advisors LLC now owns 5,402 shares of the insurance provider’s stock valued at $651,000 after buying an additional 100 shares during the period. Finally, Atria Investments LLC raised its position in The Travelers Companies by 8.9% in the first quarter. Atria Investments LLC now owns 22,060 shares of the insurance provider’s stock valued at $2,659,000 after buying an additional 1,812 shares during the period. Institutional investors and hedge funds own 78.95% of the company’s stock.

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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