The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman Sells 3,740 Shares

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $266.66 on Friday. The Travelers Companies, Inc. has a 52 week low of $175.88 and a 52 week high of $269.55. The stock has a market capitalization of $60.54 billion, a P/E ratio of 13.67, a PEG ratio of 1.24 and a beta of 0.62. The firm has a fifty day simple moving average of $248.76 and a two-hundred day simple moving average of $227.23. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the company posted $1.95 EPS. The business’s revenue was up 11.9% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Analyst Ratings Changes

Several research firms have recently weighed in on TRV. Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their price target on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. UBS Group increased their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price target on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $251.15.

Hedge Funds Weigh In On Travelers Companies

Large investors have recently made changes to their positions in the company. Quent Capital LLC boosted its position in Travelers Companies by 19.7% in the 1st quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock valued at $316,000 after buying an additional 226 shares during the period. Bayesian Capital Management LP purchased a new stake in Travelers Companies in the 1st quarter valued at about $959,000. B. Riley Wealth Advisors Inc. boosted its position in Travelers Companies by 265.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,695 shares of the insurance provider’s stock valued at $2,231,000 after buying an additional 7,043 shares during the period. California State Teachers Retirement System boosted its position in Travelers Companies by 0.4% in the 1st quarter. California State Teachers Retirement System now owns 372,074 shares of the insurance provider’s stock valued at $85,629,000 after buying an additional 1,507 shares during the period. Finally, Tidal Investments LLC boosted its position in Travelers Companies by 4.9% in the 1st quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider’s stock valued at $900,000 after buying an additional 184 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.