William H. Heyman Sells 2,014 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Travelers Companies Stock Down 2.3 %

Travelers Companies stock traded down $5.92 during mid-day trading on Friday, hitting $250.50. The company had a trading volume of 941,334 shares, compared to its average volume of 1,314,289. The stock has a market cap of $57.36 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.28 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $159.89 and a 1 year high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $235.51 and a 200 day moving average of $220.45.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.95 earnings per share. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 18.24 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Hedge Funds Weigh In On Travelers Companies

Hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies during the second quarter worth approximately $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies during the first quarter worth approximately $35,000. Beacon Capital Management LLC grew its position in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the period. Finally, Tributary Capital Management LLC acquired a new stake in shares of Travelers Companies during the first quarter worth $45,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRV has been the topic of several research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Jefferies Financial Group increased their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley reduced their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Finally, William Blair restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $247.90.

About Travelers Companies

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.