The Travelers Companies, Inc. (NYSE:TRV) CFO Daniel S. Frey Sells 16,710 Shares

The Travelers Companies, Inc. (NYSE:TRVGet Rating) CFO Daniel S. Frey sold 16,710 shares of the stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $177.81, for a total transaction of $2,971,205.10. Following the sale, the chief financial officer now directly owns 5,640 shares of the company’s stock, valued at approximately $1,002,848.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of NYSE TRV traded down $3.14 during midday trading on Friday, hitting $173.12. 85,203 shares of the company’s stock were exchanged, compared to its average volume of 1,523,022. The company has a market cap of $41.54 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 4.62 and a beta of 0.70. The business’s fifty day moving average price is $177.91 and its two-hundred day moving average price is $165.89. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.25. The Travelers Companies, Inc. has a 12-month low of $144.44 and a 12-month high of $187.98.

Travelers Companies (NYSE:TRVGet Rating) last announced its quarterly earnings data on Tuesday, April 19th. The insurance provider reported $4.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.61 by $0.61. Travelers Companies had a return on equity of 12.27% and a net margin of 10.52%. The firm had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.03 billion. During the same quarter in the previous year, the company posted $2.73 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 13.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 10th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.15%. This is a boost from Travelers Companies’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, June 9th. Travelers Companies’s dividend payout ratio is presently 24.24%.

A number of equities analysts have issued reports on TRV shares. JPMorgan Chase & Co. increased their price target on Travelers Companies from $158.00 to $159.00 and gave the stock an “underweight” rating in a report on Thursday, January 6th. They noted that the move was a valuation call. Royal Bank of Canada increased their price target on Travelers Companies from $170.00 to $190.00 and gave the stock a “sector perform” rating in a report on Monday, April 4th. Wells Fargo & Company increased their price target on Travelers Companies from $172.00 to $180.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 12th. MKM Partners increased their price target on Travelers Companies from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, April 6th. Finally, Raymond James upgraded Travelers Companies from an “underperform” rating to a “market perform” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $178.64.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OLD Point Trust & Financial Services N A bought a new position in Travelers Companies in the fourth quarter valued at about $221,000. DekaBank Deutsche Girozentrale raised its stake in Travelers Companies by 22.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 100,839 shares of the insurance provider’s stock valued at $15,843,000 after purchasing an additional 18,469 shares during the period. Meyer Handelman Co. raised its stake in Travelers Companies by 5.8% during the 4th quarter. Meyer Handelman Co. now owns 27,450 shares of the insurance provider’s stock valued at $4,294,000 after purchasing an additional 1,500 shares during the period. Avantax Advisory Services Inc. raised its stake in Travelers Companies by 6.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 13,513 shares of the insurance provider’s stock valued at $2,114,000 after purchasing an additional 786 shares during the period. Finally, Stokes Family Office LLC raised its stake in Travelers Companies by 27.9% during the 3rd quarter. Stokes Family Office LLC now owns 3,727 shares of the insurance provider’s stock valued at $567,000 after purchasing an additional 813 shares during the period. 80.85% of the stock is currently owned by hedge funds and other institutional investors.

About Travelers Companies (Get Rating)

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.

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