Travelers Companies (NYSE:TRV) EVP Maria Olivo Sells 6,000 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 6,000 shares of Travelers Companies stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00. Following the completion of the transaction, the executive vice president owned 118,742 shares of the company’s stock, valued at $43,917,916.12. The trade was a 4.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Travelers Companies Stock Performance

Shares of TRV stock opened at $366.31 on Tuesday. The company has a market cap of $76.40 billion, a P/E ratio of 9.81, a PEG ratio of 3.52 and a beta of 0.45. The firm has a fifty day moving average price of $359.66 and a 200 day moving average price of $321.44. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $6.51 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share 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. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TRV shares. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price target for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a research report on Monday, July 13th. Citigroup restated a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Mizuho increased their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $354.26.

Institutional Investors Weigh In On Travelers Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in shares of Travelers Companies by 32,139.3% in the 2nd quarter. California State Teachers Retirement System now owns 110,690,887 shares of the insurance provider’s stock valued at $36,541,276,000 after acquiring an additional 110,347,546 shares during the period. BlackRock Inc. acquired a new stake in Travelers Companies during the 2nd quarter worth $6,915,909,000. State Street Corp boosted its stake in Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the period. Morgan Stanley grew its position in Travelers Companies by 2.3% during the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock worth $1,100,416,000 after purchasing an additional 85,298 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Travelers Companies during the 2nd quarter worth $799,601,000. Hedge funds and other 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.