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 company’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $0.89 on Wednesday, reaching $213.43. 1,129,164 shares of the company traded hands, compared to its average volume of 1,495,397. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a 50 day moving average of $221.75 and a 200 day moving average of $197.84. The firm has a market capitalization of $48.87 billion, a PE ratio of 15.87, a PEG ratio of 1.12 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the company earned $4.11 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

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

Analysts Set New Price Targets

TRV has been the topic of a number of analyst reports. Raymond James upped their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Roth Mkm restated a “buy” rating and issued a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Morgan Stanley upped their target price on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, TD Cowen reduced their price objective on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $223.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after buying an additional 148,012 shares during the period. Clearbridge Investments LLC lifted its stake in Travelers Companies by 15.8% in the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after purchasing an additional 623,974 shares in the last quarter. Northern Trust Corp lifted its stake in Travelers Companies by 0.9% in the 3rd quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock worth $560,451,000 after purchasing an additional 29,989 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Travelers Companies by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after purchasing an additional 154,886 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Travelers Companies by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after buying an additional 95,153 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

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.