Maria Olivo Sells 6,000 Shares of Travelers Companies (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 6,000 shares of Travelers Companies stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the transaction, the executive vice president directly owned 118,742 shares in the company, valued at $43,917,916.12. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Travelers Companies Trading Down 0.6%

Shares of TRV opened at $363.61 on Wednesday. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The firm has a market cap of $75.84 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 2.46 and a beta of 0.45. The firm has a 50 day moving average price of $360.59 and a 200-day moving average price of $321.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.51 EPS. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRV. Barclays boosted their price objective on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Citigroup restated a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Truist Financial lifted their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Evercore set a $329.00 price target on shares of Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Finally, Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $354.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TRV. California State Teachers Retirement System increased its stake in shares of Travelers Companies by 32,139.3% during the second quarter. California State Teachers Retirement System now owns 110,690,887 shares of the insurance provider’s stock valued at $36,541,276,000 after buying an additional 110,347,546 shares during the period. BlackRock Inc. bought a new position in shares of Travelers Companies during the second quarter valued at approximately $6,915,909,000. State Street Corp lifted its stake in Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after acquiring an additional 486,861 shares during the period. Morgan Stanley boosted its holdings in Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after acquiring an additional 85,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Travelers Companies by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after acquiring an additional 123,564 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.