Travelers Companies (NYSE:TRV) EVP Mojgan Lefebvre Sells 11,000 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Mojgan Lefebvre sold 11,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $393.84, for a total transaction of $4,332,240.00. Following the completion of the sale, the executive vice president owned 11,000 shares of the company’s stock, valued at $4,332,240. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Travelers Companies Stock Down 0.9%

NYSE:TRV opened at $393.54 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The Travelers Companies, Inc. has a twelve month low of $264.25 and a twelve month high of $407.86. The company has a market cap of $80.66 billion, a PE ratio of 10.32, a P/E/G ratio of 2.78 and a beta of 0.43. The company’s 50 day moving average is $373.17 and its two-hundred day moving average is $328.37.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. The business had revenue of $12.41 billion during the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $8.14 earnings per share. Analysts anticipate that The Travelers Companies, Inc. will post 36.08 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s payout ratio is currently 13.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRV. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at about $4,447,000. Bank of Nova Scotia acquired a new position in Travelers Companies in the 2nd quarter worth about $19,949,000. Haverford Trust Co purchased a new position in Travelers Companies during the second quarter worth approximately $1,723,000. Sumitomo Life Insurance Co. purchased a new position in Travelers Companies during the second quarter worth approximately $1,676,000. Finally, OMERS ADMINISTRATION Corp grew its holdings in Travelers Companies by 34.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 13,006 shares of the insurance provider’s stock valued at $3,794,000 after purchasing an additional 3,342 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $372.00 to $382.00 and gave the company a “market perform” rating in a report on Tuesday, October 20th. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a report on Monday, July 13th. Morgan Stanley upped their target price on Travelers Companies from $330.00 to $350.00 and gave the company an “underweight” rating in a research report on Friday, October 23rd. Evercore set a $329.00 target price on Travelers Companies and gave the company an “in-line” rating in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a report on Monday, October 19th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $366.37.

About Travelers Companies

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.