Travelers Companies (NYSE:TRV) EVP Mojgan Lefebvre Sells 16,313 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Mojgan Lefebvre sold 16,313 shares of the company’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the transaction, the executive vice president owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This trade represents a 63.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Travelers Companies Price Performance

TRV stock traded up $7.11 during trading on Tuesday, hitting $397.46. The stock had a trading volume of 736,237 shares, compared to its average volume of 1,682,052. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.65. The company’s 50-day moving average price is $323.75 and its two-hundred day moving average price 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 $82.90 billion, a P/E ratio of 10.66, a PEG ratio of 3.83 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during 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%.The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.51 earnings per share. As a group, research analysts predict that The Travelers Companies, Inc. will post 32.49 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $723,339,000. State Street Corp grew its position in Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after acquiring an additional 486,861 shares during the period. AustralianSuper Pty Ltd grew its position in Travelers Companies by 102.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after acquiring an additional 458,746 shares during the period. Amundi increased its stake in Travelers Companies by 36.6% during the first quarter. Amundi now owns 1,392,468 shares of the insurance provider’s stock worth $406,155,000 after acquiring an additional 373,061 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in Travelers Companies in the third quarter valued at $99,680,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TRV shares. Cantor Fitzgerald upped their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Piper Sandler raised their target price on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, Evercore set a $329.00 target price on Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $354.26.

About Travelers Companies

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.