Insider Selling: Travelers Companies (NYSE:TRV) EVP Sells 15,100 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 15,100 shares of the company’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $398.44, for a total transaction of $6,016,444.00. Following the completion of the transaction, the executive vice president owned 103,642 shares of the company’s stock, valued at $41,295,118.48. This represents a 12.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Maria Olivo also recently made the following trade(s):

• On Friday, August 28th, Maria Olivo sold 6,000 shares of Travelers Companies stock. The stock was sold at an average price of $369.86, for a total value of $2,219,160.00.

Travelers Companies Stock Performance

Shares of TRV traded up $6.69 during midday trading on Thursday, reaching $405.64. 1,917,976 shares of the stock were exchanged, compared to its average volume of 1,650,090. The Travelers Companies, Inc. has a twelve month low of $264.25 and a twelve month high of $407.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $83.14 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 2.80 and a beta of 0.43. The business’s 50-day moving average price is $370.12 and its 200 day moving average price is $339.95.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. The firm had revenue of $12.41 billion during the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $8.14 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 35.47 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. Travelers Companies’s payout ratio is currently 13.11%.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently modified their holdings of TRV. Curry Webb Wealth Management LLC acquired a new stake in Travelers Companies during the third quarter worth about $107,000. Virtue Asset Management LLC raised its holdings in shares of Travelers Companies by 3.6% in the 3rd quarter. Virtue Asset Management LLC now owns 7,313 shares of the insurance provider’s stock worth $2,607,000 after purchasing an additional 256 shares during the period. NBT Bank N.A. acquired a new position in shares of Travelers Companies in the 3rd quarter valued at about $482,000. Root Financial Partners LLC lifted its stake in shares of Travelers Companies by 5.5% in the 3rd quarter. Root Financial Partners LLC now owns 1,602 shares of the insurance provider’s stock valued at $571,000 after purchasing an additional 84 shares in the last quarter. Finally, JSF Financial LLC grew its holdings in shares of Travelers Companies by 4.8% during the 3rd quarter. JSF Financial LLC now owns 5,203 shares of the insurance provider’s stock worth $1,855,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRV. HSBC raised their target price on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Zacks Research downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a research note on Monday, July 20th. Truist Financial raised their price objective on shares of Travelers Companies from $425.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $364.32.

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.