Insider Selling: The Travelers Companies, Inc. (NYSE:TRV) EVP Sells $776,726.80 in Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Travelers Companies Stock Down 0.2 %

Shares of TRV opened at $213.85 on Friday. The firm has a market cap of $48.97 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.60. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average is $220.82 and its two-hundred day moving average is $200.14. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $4.11 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is 31.20%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TRV shares. Citigroup raised their price target on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Jefferies Financial Group reduced their price target on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. Morgan Stanley raised their price objective on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. upped their target price on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Finally, Evercore ISI cut their price target on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $223.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TRV. Howland Capital Management LLC boosted its position in Travelers Companies by 10.6% during the 1st quarter. Howland Capital Management LLC now owns 2,241 shares of the insurance provider’s stock worth $516,000 after purchasing an additional 215 shares during the period. McClarren Financial Advisors Inc. lifted its stake in shares of Travelers Companies by 786.5% during the first quarter. McClarren Financial Advisors Inc. now owns 461 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 409 shares in the last quarter. Catalina Capital Group LLC purchased a new stake in shares of Travelers Companies in the first quarter worth about $324,000. Callan Capital LLC acquired a new stake in shares of Travelers Companies in the first quarter valued at about $217,000. Finally, AA Financial Advisors LLC acquired a new position in Travelers Companies during the 1st quarter worth approximately $1,034,000. 82.45% of the stock is owned by institutional investors and hedge funds.

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.