The Travelers Companies, Inc. (NYSE:TRV) CEO Sells $10,541,102.88 in Stock

The Travelers Companies, Inc. (NYSE:TRV) CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Travelers Companies Trading Down 0.4 %

NYSE:TRV opened at $256.38 on Friday. The firm has a market cap of $58.71 billion, a P/E ratio of 19.05, a PEG 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. The stock’s 50 day simple moving average is $234.71 and its 200-day simple moving average is $220.20. The Travelers Companies, Inc. has a 12-month low of $158.22 and a 12-month 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 for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the previous year, the business earned $1.95 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 18.24 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Piper Sandler decreased their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets increased their target price on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday. Roth Mkm increased their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Citigroup increased their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $247.90.

Institutional Trading of Travelers Companies

Several large investors have recently bought and sold shares of TRV. Orrstown Financial Services Inc. boosted its stake in shares of Travelers Companies by 4.7% during the third quarter. Orrstown Financial Services Inc. now owns 2,685 shares of the insurance provider’s stock valued at $629,000 after acquiring an additional 121 shares during the last quarter. Concord Wealth Partners boosted its stake in shares of Travelers Companies by 9.0% during the third quarter. Concord Wealth Partners now owns 6,983 shares of the insurance provider’s stock valued at $1,635,000 after acquiring an additional 577 shares during the last quarter. Asahi Life Asset Management CO. LTD. boosted its stake in shares of Travelers Companies by 6.9% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 9,343 shares of the insurance provider’s stock valued at $2,187,000 after acquiring an additional 603 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its stake in shares of Travelers Companies by 31.1% during the third quarter. Baker Tilly Wealth Management LLC now owns 3,746 shares of the insurance provider’s stock valued at $877,000 after acquiring an additional 888 shares during the last quarter. Finally, Leuthold Group LLC acquired a new stake in shares of Travelers Companies during the third quarter valued at $4,132,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.