Maria Olivo Sells 10,410 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Travelers Companies Stock Down 0.8 %

Shares of TRV opened at $257.12 on Thursday. The Travelers Companies, Inc. has a one year low of $172.38 and a one year high of $269.55. The company has a market cap of $58.37 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.25 and a beta of 0.62. 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 firm has a 50 day simple moving average of $245.79 and a two-hundred day simple moving average of $225.37.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS 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 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 business earned $1.95 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS 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 dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Barclays lifted their price target on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday, October 22nd. Citigroup lifted their price target on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $247.90.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRV. FMR LLC increased its holdings in shares of Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after buying an additional 1,568,909 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after purchasing an additional 678,241 shares during the period. International Assets Investment Management LLC increased its holdings in Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after purchasing an additional 518,075 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Travelers Companies in the first quarter valued at $88,190,000. Finally, Bank of Montreal Can increased its holdings in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after purchasing an additional 282,884 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.