The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman Sells $990,352.00 in Stock

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Travelers Companies Trading Up 1.1 %

TRV opened at $266.66 on Friday. The business has a 50 day simple moving average of $248.76 and a two-hundred day simple moving average of $227.23. The firm has a market capitalization of $60.54 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a one year low of $175.88 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the company posted $1.95 EPS. Travelers Companies’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Bank of America boosted their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $251.15.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC grew its stake in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $41,000. Institutional investors own 82.45% of the company’s stock.

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.