Travelers Companies (NYSE:TRV) EVP Daniel Tei-Hwa Yin Sells 7,153 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Travelers Companies Stock Up 1.8%

Travelers Companies stock traded up $7.11 during midday trading on Tuesday, hitting $397.46. 736,237 shares of the stock were exchanged, compared to its average volume of 1,682,052. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $82.90 billion, a P/E ratio of 10.66, a P/E/G ratio of 3.83 and a beta of 0.46. The company has a 50 day moving average price of $323.75 and a two-hundred day moving average price of $305.34.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the firm earned $6.51 earnings per share. The company’s revenue was up .3% on a year-over-year basis. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 32.49 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Analysts Set New Price Targets

TRV has been the topic of a number of research analyst reports. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research note on Tuesday, May 26th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $354.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Merit Financial Group LLC increased its position in Travelers Companies by 6.5% in the second quarter. Merit Financial Group LLC now owns 20,474 shares of the insurance provider’s stock worth $6,759,000 after buying an additional 1,253 shares during the period. Diversified Trust Co. boosted its holdings in shares of Travelers Companies by 0.8% during the second quarter. Diversified Trust Co. now owns 4,521 shares of the insurance provider’s stock valued at $1,492,000 after acquiring an additional 36 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC grew its position in shares of Travelers Companies by 4.5% during the second quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,675 shares of the insurance provider’s stock worth $883,000 after acquiring an additional 115 shares during the last quarter. Liberty Capital Management Inc. acquired a new stake in shares of Travelers Companies in the 2nd quarter worth about $414,000. Finally, Cypress Point Wealth Management LLC lifted its position in Travelers Companies by 15.3% in the 2nd quarter. Cypress Point Wealth Management LLC now owns 1,398 shares of the insurance provider’s stock valued at $462,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.