The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein Sells 10,000 Shares

The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Travelers Companies Trading Down 0.3 %

Travelers Companies stock opened at $213.45 on Friday. The stock has a market cap of $48.88 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The business has a 50 day moving average price of $221.50 and a two-hundred day moving average price of $198.41. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned $4.11 earnings per share. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.78 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. UBS Group decreased their price target on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Jefferies Financial Group decreased their price target on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Roth Mkm reiterated a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research note on Thursday, April 18th. JPMorgan Chase & Co. upped their price target on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Finally, HSBC upped their price target on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $223.47.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after buying an additional 148,012 shares during the last quarter. Clearbridge Investments LLC boosted its position in Travelers Companies by 15.8% in the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after buying an additional 623,974 shares during the last quarter. Northern Trust Corp boosted its position in Travelers Companies by 0.9% in the 3rd quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after buying an additional 29,989 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Travelers Companies by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after buying an additional 154,886 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Travelers Companies by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after buying an additional 95,153 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

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.