Insider Selling: Travelers Companies (NYSE:TRV) EVP Sells $2,219,160.00 in Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the transaction, the executive vice president owned 118,742 shares of the company’s stock, valued at approximately $43,917,916.12. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Travelers Companies Price Performance

NYSE TRV opened at $366.10 on Thursday. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The firm’s fifty day simple moving average is $361.50 and its two-hundred day simple moving average is $322.38. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $76.36 billion, a P/E ratio of 9.80, a P/E/G ratio of 2.44 and a beta of 0.44.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter last year, the firm earned $6.51 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Range Advisory LLC increased its holdings in Travelers Companies by 12.8% in the 2nd quarter. Range Advisory LLC now owns 791 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 90 shares in the last quarter. Corient Private Wealth LP raised its position in shares of Travelers Companies by 1,562.2% during the 2nd quarter. Corient Private Wealth LP now owns 109,936 shares of the insurance provider’s stock worth $36,292,000 after purchasing an additional 103,322 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $53,050,000. California State Teachers Retirement System lifted its stake in Travelers Companies by 32,139.3% in the 2nd quarter. California State Teachers Retirement System now owns 110,690,887 shares of the insurance provider’s stock valued at $36,541,276,000 after buying an additional 110,347,546 shares in the last quarter. Finally, Wedmont Private Capital lifted its stake in Travelers Companies by 14.1% in the 2nd quarter. Wedmont Private Capital now owns 3,669 shares of the insurance provider’s stock valued at $1,243,000 after buying an additional 454 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Morgan Stanley boosted their price target on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Mizuho raised their price objective on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Truist Financial upped their target price on Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Wells Fargo & Company increased their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $354.26.

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.