Travelers Companies (NYSE:TRV) EVP David Donnay Rowland Sells 5,000 Shares

The Travelers Companies, Inc. (NYSE:TRV) EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Travelers Companies Stock Performance

Travelers Companies stock traded up $6.39 during mid-day trading on Tuesday, reaching $396.74. 774,051 shares of the stock traded hands, compared to its average volume of 1,682,379. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.65. The business’s 50-day moving average is $323.75 and its 200-day moving average is $305.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $82.75 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 3.83 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the company posted $6.51 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 32.49 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Trending Headlines about Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Travelers reported quarterly earnings of $10.04 per share, well above the $5.41 analyst consensus, while revenue of $12.15 billion also exceeded expectations. Earnings rose from $6.51 per share a year earlier, supporting the stock’s recent strength. The company reported a 16.95% net margin and 25.41% return on equity.
• Neutral Sentiment: Analysts expect Travelers to generate approximately $32.49 in earnings per share for the current fiscal year. The stock is trading near its 12-month high, suggesting that strong results may already be reflected in part of its valuation.
• Negative Sentiment: Several senior executives sold a combined 52,667 shares for roughly $19.6 million in transactions dated July 21–24. CFO Daniel S. Frey sold 14,037 shares, while EVPs Mojgan M. Lefebvre, David Donnay Rowland, Michael Frederick Klein, Diane Kurtzman and Daniel Tei-Hwa Yin also reduced their holdings. The transactions were disclosed in SEC filings: CFO Form 4 filing Mojgan Lefebvre Form 4 filing David Rowland Form 4 filing

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TRV shares. Barclays raised their price objective on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Mizuho raised their price target on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a report on Friday. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective for the company. in a research note on Monday, July 20th. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. Finally, Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $354.26.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in TRV. Arbejdsmarkedets Tillaegspension acquired a new stake in Travelers Companies in the 4th quarter worth approximately $24,167,000. Rit Capital Partners PLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $39,450,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Travelers Companies by 17.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock valued at $261,616,000 after buying an additional 133,152 shares during the last quarter. UBS Group AG increased its position in shares of Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after acquiring an additional 89,159 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its position in Travelers Companies by 18.9% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 54,054 shares of the insurance provider’s stock worth $15,679,000 after acquiring an additional 8,591 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.