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

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

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $2.61 during mid-day trading on Tuesday, hitting $263.83. The company had a trading volume of 1,336,190 shares, compared to its average volume of 1,306,867. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $247.20 and its 200-day moving average price is $226.36. The Travelers Companies, Inc. has a 1 year low of $175.88 and a 1 year high of $269.55. The company has a market capitalization of $59.89 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.24 and a beta of 0.62.

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

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 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 1.59%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Institutional Trading of Travelers Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Quent Capital LLC raised its holdings in Travelers Companies by 19.7% during the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock valued at $316,000 after acquiring an additional 226 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Travelers Companies during the first quarter worth $959,000. B. Riley Wealth Advisors Inc. increased its position in shares of 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 acquiring an additional 7,043 shares during the period. California State Teachers Retirement System increased its position in shares of 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 acquiring an additional 1,507 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of Travelers Companies by 4.9% during the 1st quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider’s stock worth $900,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TRV shares. Deutsche Bank Aktiengesellschaft upped their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Citigroup upped their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Bank of America upped their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. UBS Group upped their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $251.15.

About Travelers Companies

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.