The Travelers Companies, Inc. (NYSE:TRV) CEO Sells $10,541,102.88 in Stock

The Travelers Companies, Inc. (NYSE:TRV) CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Travelers Companies Trading Down 0.4 %

TRV stock opened at $256.38 on Friday. The Travelers Companies, Inc. has a 1-year low of $158.22 and a 1-year high of $269.55. The firm has a market cap of $58.71 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.28 and a beta of 0.62. The business’s 50 day moving average is $234.71 and its 200-day moving average is $220.20. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.95 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 18.24 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 issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is 31.20%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TRV shares. The Goldman Sachs Group raised their price objective on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday. Piper Sandler cut their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Citigroup raised their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Roth Mkm increased their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $247.90.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at $35,000. Beacon Capital Management LLC lifted its stake 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 valued at $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC lifted its stake 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 valued at $37,000 after purchasing an additional 45 shares during the period. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at $45,000. 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.