The Travelers Companies, Inc. (NYSE:TRV) EVP Sells $1,026,433.45 in Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Travelers Companies Price Performance

NYSE TRV opened at $259.19 on Wednesday. The company has a 50 day simple moving average of $233.84 and a 200-day simple moving average of $219.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.33. The firm has a market capitalization of $59.08 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly 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 during 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 firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.95 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 17.45 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, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.62%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Hedge Funds Weigh In On Travelers Companies

Hedge funds have recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in Travelers Companies in the second quarter worth approximately $25,000. Pathway Financial Advisers LLC acquired a new position in Travelers Companies in the first quarter worth approximately $35,000. Beacon Capital Management LLC increased its holdings in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the last quarter. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies in the first quarter worth approximately $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Roth Mkm raised their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday. Citigroup raised their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $247.45.

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.