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

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

Travelers Companies Price Performance

TRV stock opened at $263.77 on Wednesday. The company’s fifty day simple moving average is $247.64 and its 200 day simple moving average is $226.68. The Travelers Companies, Inc. has a 12-month low of $175.88 and a 12-month high of $269.55. The firm has a market cap of $59.88 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.24 and a beta of 0.62. 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 announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating 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 firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on TRV shares. UBS Group lifted their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America lifted their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. Roth Mkm boosted their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group boosted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $251.15.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors have recently made changes to their positions in TRV. Quent Capital LLC increased its position in shares of Travelers Companies by 19.7% during the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock worth $316,000 after acquiring an additional 226 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Travelers Companies during the first quarter worth about $959,000. B. Riley Wealth Advisors Inc. increased its position in shares of Travelers Companies by 265.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 9,695 shares of the insurance provider’s stock worth $2,231,000 after acquiring an additional 7,043 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Travelers Companies by 0.4% during the first quarter. California State Teachers Retirement System now owns 372,074 shares of the insurance provider’s stock worth $85,629,000 after acquiring an additional 1,507 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of Travelers Companies by 4.9% during the first 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 and hedge funds 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.