Travelers Companies (NYSE:TRV) EVP Mojgan Lefebvre Sells 16,820 Shares

The Travelers Companies, Inc. (NYSE:TRV) EVP Mojgan Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Travelers Companies Stock Performance

NYSE TRV opened at $272.43 on Thursday. The firm has a market capitalization of $61.33 billion, a P/E ratio of 12.05, a P/E/G ratio of 3.11 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $222.21 and a 1-year high of $279.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50-day simple moving average is $263.61 and its 200-day simple moving average is $260.69.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.51 EPS. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s payout ratio is currently 19.46%.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its position in shares of Travelers Companies by 15.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 10,791 shares of the insurance provider’s stock valued at $2,887,000 after purchasing an additional 1,484 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $207,000. Stance Capital LLC acquired a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $1,321,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $1,322,000. Finally, Advisory Services Network LLC raised its position in shares of Travelers Companies by 8.5% in the 2nd quarter. Advisory Services Network LLC now owns 14,038 shares of the insurance provider’s stock valued at $3,653,000 after purchasing an additional 1,100 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the company an “equal weight” rating in a research note on Monday, May 19th. Barclays lowered Travelers Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company increased their target price on Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $284.56.

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.