The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein Sells 10,000 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Travelers Companies Stock Performance

Travelers Companies stock opened at $213.43 on Thursday. The company has a 50 day moving average price of $221.68 and a 200-day moving average price of $197.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a market capitalization of $48.87 billion, a PE ratio of 15.86, a P/E/G ratio of 1.11 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the firm posted $4.11 EPS. The business’s revenue was up 15.7% on a year-over-year basis. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.78 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 1.97%. Travelers Companies’s payout ratio is 29.72%.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent research reports. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. UBS Group dropped their price target on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Finally, HSBC lifted their price target on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $223.47.

Hedge Funds Weigh In On Travelers Companies

Large investors have recently bought and sold shares of the business. First Command Advisory Services Inc. bought a new position in Travelers Companies in the third quarter worth approximately $26,000. Arlington Trust Co LLC bought a new position in Travelers Companies in the third quarter worth approximately $27,000. Northwest Financial Advisors bought a new position in Travelers Companies in the fourth quarter worth approximately $32,000. Opal Wealth Advisors LLC bought a new position in Travelers Companies in the first quarter worth approximately $42,000. Finally, Tributary Capital Management LLC bought a new position in Travelers Companies in the first quarter worth approximately $45,000. Institutional investors own 82.45% of the company’s stock.

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.