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

The Travelers Companies, Inc. (NYSE:TRVGet Rating) EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $177.92, for a total value of $1,779,200.00. Following the transaction, the executive vice president now directly owns 9,107 shares in the company, valued at approximately $1,620,317.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Frederick Klein also recently made the following trade(s):

  • On Wednesday, January 26th, Michael Frederick Klein sold 10,000 shares of Travelers Companies stock. The stock was sold at an average price of $167.04, for a total value of $1,670,400.00.

Shares of NYSE:TRV traded down $3.14 during midday trading on Friday, reaching $173.12. 85,203 shares of the company traded hands, compared to its average volume of 1,523,022. The company has a quick ratio of 0.34, a current 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. The firm has a market capitalization of $41.54 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 4.62 and a beta of 0.70. The firm’s fifty day moving average price is $177.91 and its two-hundred day moving average price is $165.89.

Travelers Companies (NYSE:TRVGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The insurance provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.61. Travelers Companies had a return on equity of 12.27% and a net margin of 10.52%. The company had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.03 billion. During the same period in the previous year, the company posted $2.73 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 13.08 earnings per share for the current year.

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

TRV has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Travelers Companies from $180.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday. MKM Partners boosted their price objective on Travelers Companies from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, April 6th. Zacks Investment Research raised Travelers Companies from a “hold” rating to a “buy” rating and set a $199.00 price objective on the stock in a research report on Monday, March 28th. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $158.00 to $159.00 and gave the stock an “underweight” rating in a research report on Thursday, January 6th. They noted that the move was a valuation call. Finally, Credit Suisse Group boosted their target price on Travelers Companies from $153.00 to $178.00 in a research note on Tuesday, January 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $178.64.

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

Travelers Companies Company Profile (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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