The Travelers Companies, Inc. (TRV) Vice Chairman Sells $698,413.26 in Stock

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman Jay S. Benet sold 5,518 shares of The Travelers Companies stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $126.57, for a total transaction of $698,413.26. Following the sale, the insider now directly owns 82,824 shares in the company, valued at $10,483,033.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

The Travelers Companies, Inc. (TRV) opened at 128.55 on Wednesday. The firm has a market cap of $35.47 billion, a P/E ratio of 12.80 and a beta of 1.20. The company’s 50 day moving average is $127.07 and its 200-day moving average is $122.73. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.00.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.07 by $0.15. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 earnings per share. On average, equities analysts predict that The Travelers Companies, Inc. will post $8.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

The Travelers Companies declared that its Board of Directors has authorized a stock repurchase plan on Thursday, April 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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A number of equities research analysts have weighed in on TRV shares. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price on the stock in a report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $126.00 target price on shares of The Travelers Companies in a report on Monday, May 22nd. Argus raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Monday, April 24th. BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Citigroup Inc. reissued a “buy” rating and set a $148.00 target price (down from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $123.79.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Balasa Dinverno & Foltz LLC boosted its position in shares of The Travelers Companies by 0.3% in the first quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock valued at $416,000 after buying an additional 9 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after buying an additional 10 shares in the last quarter. Community Bank N.A. boosted its position in shares of The Travelers Companies by 0.7% in the second quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock valued at $181,000 after buying an additional 10 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its position in shares of The Travelers Companies by 0.6% in the first quarter. American Economic Planning Group Inc. ADV now owns 2,529 shares of the insurance provider’s stock valued at $305,000 after buying an additional 15 shares in the last quarter. Finally, Dubuque Bank & Trust Co. boosted its position in shares of The Travelers Companies by 0.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,970 shares of the insurance provider’s stock valued at $479,000 after buying an additional 23 shares in the last quarter. Institutional investors own 78.95% of the company’s stock.

The Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Insider Buying and Selling by Quarter for The Travelers Companies (NYSE:TRV)

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