Insider Selling: Travelers Companies (NYSE:TRV) EVP Sells 10,400 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the completion of the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at $35,366,997. This represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Maria Olivo also recently made the following trade(s):

• On Wednesday, November 26th, Maria Olivo sold 8,920 shares of Travelers Companies stock. The shares were sold at an average price of $295.73, for a total transaction of $2,637,911.60.

Travelers Companies Stock Performance

Travelers Companies stock traded down $8.71 during mid-day trading on Monday, reaching $292.78. 1,650,870 shares of the stock traded hands, compared to its average volume of 1,807,593. The stock has a market capitalization of $65.31 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 2.81 and a beta of 0.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35. The business’s 50-day moving average is $284.82 and its 200-day moving average is $277.99. The Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $304.40.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, topping the consensus estimate of $8.34 by $2.79. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. During the same quarter in the prior year, the business earned $9.15 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s payout ratio is presently 15.98%.

Travelers Companies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Travelers Companies in the 2nd quarter valued at $815,013,000. JPMorgan Chase & Co. lifted its position in shares of Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after buying an additional 751,715 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Travelers Companies by 102.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after buying an additional 458,746 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Travelers Companies during the 3rd quarter worth approximately $112,051,000. Finally, Nordea Investment Management AB lifted its position in Travelers Companies by 1,641.3% during the third quarter. Nordea Investment Management AB now owns 379,480 shares of the insurance provider’s stock valued at $105,537,000 after acquiring an additional 357,687 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRV has been the topic of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 22nd. Cantor Fitzgerald boosted their price objective on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 7th. Weiss Ratings downgraded Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, January 26th. Finally, Piper Sandler upped their price target on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $303.00.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.