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 company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $65,099,840. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 stock has a market capitalization of $57.36 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $159.89 and a twelve month high of $269.55. The company has a 50-day simple moving average of $236.19 and a two-hundred day simple moving average of $220.59.

Travelers Companies (NYSE:TRV) last released 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. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s quarterly revenue 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. Analysts forecast that The Travelers Companies, Inc. will post 18.24 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. 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 payout ratio is 31.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP lifted its position 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 purchasing an additional 25,575 shares during the period. Atlas Capital Advisors LLC lifted its holdings in shares of Travelers Companies by 65.9% during the 1st 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 period. Sunbelt Securities Inc. boosted its position in shares of Travelers Companies by 264.1% during the 1st quarter. Sunbelt Securities Inc. now owns 1,318 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 956 shares in the last quarter. Brookstone Capital Management increased its stake in Travelers Companies by 16.2% in the first quarter. Brookstone Capital Management now owns 1,630 shares of the insurance provider’s stock valued at $375,000 after acquiring an additional 227 shares during the last quarter. Finally, Sovereign Financial Group Inc. acquired a new position in Travelers Companies during the first quarter valued at approximately $227,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TRV shares. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. UBS Group increased their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $247.90.

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.