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

The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Travelers Companies Stock Performance

Shares of TRV stock opened at $213.43 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The stock has a market capitalization of $48.87 billion, a PE ratio of 15.86, a P/E/G ratio of 1.11 and a beta of 0.58. The firm has a 50 day moving average of $221.68 and a two-hundred day moving average of $197.95.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the prior year, the business earned $4.11 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. On average, research analysts predict that The Travelers Companies, Inc. will post 17.78 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

Hedge Funds Weigh In On Travelers Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of Travelers Companies by 14.8% in the 3rd quarter. International Assets Investment Management LLC now owns 2,377 shares of the insurance provider’s stock valued at $399,000 after purchasing an additional 307 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of Travelers Companies by 5.7% in the 3rd quarter. AE Wealth Management LLC now owns 5,019 shares of the insurance provider’s stock valued at $820,000 after purchasing an additional 271 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Travelers Companies by 14.0% in the 3rd quarter. IFP Advisors Inc now owns 1,300 shares of the insurance provider’s stock valued at $212,000 after purchasing an additional 160 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Travelers Companies by 14.2% in the 3rd quarter. Global Retirement Partners LLC now owns 850 shares of the insurance provider’s stock valued at $138,000 after purchasing an additional 106 shares in the last quarter. Finally, Founders Financial Securities LLC raised its holdings in shares of Travelers Companies by 20.2% in the 3rd quarter. Founders Financial Securities LLC now owns 8,235 shares of the insurance provider’s stock valued at $1,345,000 after purchasing an additional 1,384 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. TD Cowen cut their price target on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a report on Tuesday. HSBC raised their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a report on Thursday, April 4th. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Finally, Evercore ISI cut their price target on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $223.47.

Travelers Companies Company Profile

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.