The Travelers Companies, Inc. (NYSE:TRV) CFO Daniel S. Frey Sells 5,000 Shares

The Travelers Companies, Inc. (NYSE:TRV) CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Travelers Companies Stock Down 0.3 %

Shares of NYSE:TRV traded down $0.54 on Friday, reaching $213.45. The company had a trading volume of 1,612,018 shares, compared to its average volume of 1,494,710. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The firm’s 50 day simple moving average is $221.58 and its 200-day simple moving average is $198.06. The firm has a market capitalization of $48.88 billion, a PE ratio of 15.82, a PEG ratio of 1.11 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the prior year, the business posted $4.11 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year. As a group, analysts expect that The Travelers Companies, Inc. will post 17.78 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.97%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s payout ratio is 29.72%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Travelers Companies during the 4th quarter worth about $282,593,000. Clearbridge Investments LLC lifted its position in Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after acquiring an additional 623,974 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Travelers Companies by 1,826.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock worth $83,731,000 after acquiring an additional 486,098 shares during the period. International Assets Investment Management LLC lifted its position in Travelers Companies by 19,918.1% during the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock worth $90,641,000 after acquiring an additional 473,453 shares during the period. Finally, Boston Partners lifted its position in Travelers Companies by 42.5% during the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after acquiring an additional 355,489 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. UBS Group lowered their price objective on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday. Piper Sandler reaffirmed a “neutral” rating and issued a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. Jefferies Financial Group lowered their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Finally, HSBC raised their price objective on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $223.47.

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.