Daniel S. Frey Sells 5,000 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Travelers Companies Trading Down 0.3 %

Shares of NYSE TRV opened at $213.45 on Friday. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The firm has a market capitalization of $48.88 billion, a PE ratio of 15.86, a PEG ratio of 1.11 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $221.50 and a two-hundred day moving average price of $198.66.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the previous year, the business posted $4.11 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year. As a group, analysts predict that The Travelers Companies, Inc. will post 17.74 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRV. Evercore ISI lowered their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada lowered their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Roth Mkm reaffirmed a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. HSBC lifted their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a report on Thursday, April 4th. Finally, UBS Group lowered their target price on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $223.47.

Institutional Investors Weigh In On Travelers Companies

Institutional investors have recently bought and sold shares of the business. AE Wealth Management LLC lifted its holdings in shares of Travelers Companies by 5.7% during the 3rd quarter. AE Wealth Management LLC now owns 5,019 shares of the insurance provider’s stock valued at $820,000 after buying an additional 271 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Travelers Companies by 14.0% during the 3rd quarter. IFP Advisors Inc now owns 1,300 shares of the insurance provider’s stock valued at $212,000 after buying an additional 160 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Travelers Companies by 14.2% during the 3rd quarter. Global Retirement Partners LLC now owns 850 shares of the insurance provider’s stock valued at $138,000 after buying an additional 106 shares during the last quarter. Oak Thistle LLC lifted its holdings in shares of Travelers Companies by 132.4% during the 3rd quarter. Oak Thistle LLC now owns 6,971 shares of the insurance provider’s stock valued at $1,138,000 after buying an additional 3,971 shares during the last quarter. Finally, Czech National Bank lifted its holdings in shares of Travelers Companies by 46.3% during the 3rd quarter. Czech National Bank now owns 40,014 shares of the insurance provider’s stock valued at $6,535,000 after buying an additional 12,671 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.