Travelers Companies (NYSE:TRV) EVP Michael Frederick Klein Sells 10,000 Shares

The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This represents a 18.14% 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.

Michael Frederick Klein also recently made the following trade(s):

• On Monday, April 20th, Michael Frederick Klein sold 10,000 shares of Travelers Companies stock. The stock was sold at an average price of $303.77, for a total value of $3,037,700.00.

Travelers Companies Price Performance

Shares of TRV stock opened at $299.97 on Thursday. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $63.79 billion, a P/E ratio of 8.93, a P/E/G ratio of 2.75 and a beta of 0.50. The stock has a 50 day moving average price of $299.51 and a 200 day moving average price of $293.63.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period last year, the company earned $1.91 EPS. Travelers Companies’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 28.03 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.7%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is 13.09%.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent analyst reports. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $316.00 to $322.00 in a research note on Tuesday. Wells Fargo & Company raised their price target on shares of Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, UBS Group reissued a “neutral” rating on shares of Travelers Companies in a research note on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $311.47.

Institutional Trading of Travelers Companies

Hedge funds have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC lifted its stake in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. bought a new position in Travelers Companies in the fourth quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new position in Travelers Companies in the first quarter worth approximately $26,000. Osterweis Capital Management Inc. raised its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Travelers Companies in the fourth quarter worth approximately $28,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.