The Travelers Companies (NYSE:TRV) Vice Chairman Jay S. Benet sold 6,854 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $132.00, for a total value of $904,728.00. Following the completion of the transaction, the insider now owns 92,154 shares in the company, valued at approximately $12,164,328. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:TRV opened at $131.03 on Friday. The firm has a market cap of $35.38 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.67 and a beta of 1.26. The Travelers Companies has a 1 year low of $113.76 and a 1 year high of $150.55. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.30.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Tuesday, April 24th. The insurance provider reported $2.46 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.22). The firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.24 billion. The Travelers Companies had a return on equity of 8.94% and a net margin of 7.21%. analysts predict that The Travelers Companies will post 10.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $3.08 annualized dividend and a dividend yield of 2.35%. This is a boost from The Travelers Companies’s previous quarterly dividend of $0.72. The Travelers Companies’s dividend payout ratio is presently 39.56%.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Thursday, April 12th. Wells Fargo & Co set a $142.00 price objective on The Travelers Companies and gave the company a “hold” rating in a research note on Monday, April 2nd. Morgan Stanley dropped their price objective on The Travelers Companies from $130.00 to $126.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 25th. MKM Partners dropped their price objective on The Travelers Companies to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 25th. Finally, Argus dropped their target price on The Travelers Companies from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, April 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $139.38.

Several institutional investors have recently added to or reduced their stakes in TRV. Old Mutual Global Investors UK Ltd. increased its holdings in shares of The Travelers Companies by 223.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,700,269 shares of the insurance provider’s stock worth $236,099,000 after purchasing an additional 1,174,173 shares during the period. BlackRock Inc. increased its holdings in shares of The Travelers Companies by 4.5% in the first quarter. BlackRock Inc. now owns 21,504,503 shares of the insurance provider’s stock worth $2,986,115,000 after purchasing an additional 932,105 shares during the period. Deutsche Bank AG increased its holdings in shares of The Travelers Companies by 57.2% in the fourth quarter. Deutsche Bank AG now owns 1,491,661 shares of the insurance provider’s stock worth $202,322,000 after purchasing an additional 542,744 shares during the period. Viking Global Investors LP bought a new position in shares of The Travelers Companies in the fourth quarter worth $67,245,000. Finally, Cramer Rosenthal Mcglynn LLC bought a new position in shares of The Travelers Companies in the fourth quarter worth $61,721,000. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

The 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.

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

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