Travelers Companies (NYSE:TRV) EVP Maria Olivo Sells 10,400 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $35,366,997. This trade represents a 8.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Maria Olivo also recently made the following trade(s):

• On Wednesday, November 26th, Maria Olivo sold 8,920 shares of Travelers Companies stock. The shares were sold at an average price of $295.73, for a total transaction of $2,637,911.60.

Travelers Companies Trading Down 2.9%

Shares of Travelers Companies stock opened at $292.78 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $304.40. The firm has a market cap of $65.31 billion, a PE ratio of 10.63, a PEG ratio of 2.81 and a beta of 0.51. The company has a 50 day simple moving average of $284.87 and a two-hundred day simple moving average of $278.21.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating the consensus estimate of $8.34 by $2.79. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. During the same quarter last year, the company posted $9.15 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is presently 15.98%.

Travelers Companies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. UBS Group restated a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Wells Fargo & Company reduced their target price on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a report on Thursday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 7th. Finally, Barclays lowered their price target on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $303.00.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. raised its stake in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in Travelers Companies during the 2nd quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC increased its holdings in Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Quaker Wealth Management LLC raised its position in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares during the last quarter. Finally, Clayton Financial Group LLC purchased a new stake in Travelers Companies in the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

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.