Michael Frederick Klein Sells 10,000 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $5,840,163.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $250.50 on Friday. 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 company has a market capitalization of $57.36 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.28 and a beta of 0.62. The Travelers Companies, Inc. has a 52 week low of $159.89 and a 52 week high of $269.55. The stock’s 50-day simple moving average is $235.51 and its 200-day simple moving average is $220.45.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 18.24 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company 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 $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 dividend yield of 1.68%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Institutional Investors Weigh In On Travelers Companies

Hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after acquiring an additional 25,575 shares during the last quarter. Atlas Capital Advisors LLC increased its stake in Travelers Companies by 65.9% during the first quarter. Atlas Capital Advisors LLC now owns 413 shares of the insurance provider’s stock worth $95,000 after acquiring an additional 164 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Travelers Companies by 264.1% during the first quarter. Sunbelt Securities Inc. now owns 1,318 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 956 shares during the last quarter. Brookstone Capital Management increased its stake in Travelers Companies by 16.2% during the first quarter. Brookstone Capital Management now owns 1,630 shares of the insurance provider’s stock worth $375,000 after acquiring an additional 227 shares during the last quarter. Finally, Sovereign Financial Group Inc. bought a new stake in Travelers Companies during the first quarter worth approximately $227,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. The Goldman Sachs Group lifted their price objective on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their target price 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. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $247.90.

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.