Insider Selling: The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman Sells 3,740 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Travelers Companies Stock Performance

NYSE TRV opened at $263.77 on Wednesday. The Travelers Companies, Inc. has a 1 year low of $175.88 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $59.88 billion, a PE ratio of 13.53, a P/E/G ratio of 1.24 and a beta of 0.62. The company’s 50 day simple moving average is $247.64 and its two-hundred day simple moving average is $226.68.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the prior year, the company posted $1.95 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TRV shares. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. BMO Capital Markets increased their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Finally, Roth Mkm increased their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Four 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $251.15.

Hedge Funds Weigh In On Travelers Companies

Institutional investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies in the 2nd quarter worth $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the 1st quarter worth $35,000. Beacon Capital Management LLC increased its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Travelers Companies in the 3rd quarter worth $41,000. 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.