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

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $65,099,840. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Travelers Companies Stock Down 2.3 %

Shares of NYSE TRV opened at $250.50 on Friday. The Travelers Companies, Inc. has a 12-month low of $159.89 and a 12-month high of $269.55. The stock’s fifty day simple moving average is $235.51 and its two-hundred day simple moving average is $220.45. The stock has a market capitalization of $57.36 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.95 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 18.24 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price objective 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. BMO Capital Markets increased their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday. Royal Bank of Canada upped their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their target price on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $247.90.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRV. Nordea Investment Management AB raised its position in shares of Travelers Companies by 38.7% in the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after purchasing an additional 95,451 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Travelers Companies by 356.3% in the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after purchasing an additional 35,560 shares during the last quarter. Wellington Management Group LLP grew its position in Travelers Companies by 100.9% during the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after purchasing an additional 25,575 shares during the period. GAMMA Investing LLC raised its stake in shares of Travelers Companies by 162.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after buying an additional 3,050 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Travelers Companies by 145.5% in the first quarter. Diversified Trust Co now owns 16,013 shares of the insurance provider’s stock worth $3,685,000 after buying an additional 9,491 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other 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.