The Travelers Companies, Inc. (NYSE:TRV) EVP Jeffrey P. Klenk Sells 3,635 Shares

The Travelers Companies, Inc. (NYSE:TRV) EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Travelers Companies Stock Down 0.2 %

Shares of NYSE TRV opened at $213.85 on Friday. The company has a market cap of $48.97 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.12 and a beta of 0.60. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The stock has a 50-day moving average price of $220.82 and a two-hundred day moving average price of $200.14.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data 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 return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the prior year, the company earned $4.11 earnings per share. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.71 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRV. Citigroup increased their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Sunday. Evercore ISI cut their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. HSBC raised their target price on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a report on Thursday, April 4th. Finally, UBS Group cut their price target on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $223.47.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Howland Capital Management LLC boosted its stake in shares of Travelers Companies by 10.6% during the first quarter. Howland Capital Management LLC now owns 2,241 shares of the insurance provider’s stock valued at $516,000 after purchasing an additional 215 shares in the last quarter. McClarren Financial Advisors Inc. raised its holdings in Travelers Companies by 786.5% in the 1st quarter. McClarren Financial Advisors Inc. now owns 461 shares of the insurance provider’s stock valued at $106,000 after buying an additional 409 shares during the last quarter. Catalina Capital Group LLC bought a new position in Travelers Companies in the 1st quarter valued at approximately $324,000. Callan Capital LLC acquired a new stake in Travelers Companies during the 1st quarter worth approximately $217,000. Finally, AA Financial Advisors LLC bought a new stake in Travelers Companies during the 1st quarter worth approximately $1,034,000. Institutional investors own 82.45% of the company’s stock.

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.