The Travelers Companies, Inc. (NYSE:TRV) EVP Andy F. Bessette Sells 4,520 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Travelers Companies Trading Up 0.6 %

NYSE:TRV opened at $250.18 on Thursday. The Travelers Companies, Inc. has a 12-month low of $165.84 and a 12-month high of $269.55. The firm has a market cap of $57.29 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. 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 has a fifty day moving average price of $238.15 and a 200 day moving average price of $221.16.

Travelers Companies (NYSE:TRV) last announced 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 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 the consensus estimate of $11.46 billion. During the same period in the previous year, the company posted $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.53 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently modified their holdings of the company. Nordea Investment Management AB raised its stake in Travelers Companies by 38.7% in the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after buying an additional 95,451 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after acquiring an additional 35,560 shares in the last quarter. GAMMA Investing LLC lifted its stake in Travelers Companies by 162.6% during the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after purchasing an additional 3,050 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Travelers Companies in the second quarter valued at approximately $17,303,000. Finally, Cetera Advisors LLC increased its stake in Travelers Companies by 75.3% in the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after purchasing an additional 4,724 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on TRV shares. Roth Mkm raised their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $247.90.

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.