Insider Selling: Travelers Companies (NYSE:TRV) EVP Sells $6,016,444.00 in Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 15,100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $398.44, for a total value of $6,016,444.00. Following the completion of the transaction, the executive vice president owned 103,642 shares in the company, valued at approximately $41,295,118.48. This trade represents a 12.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Maria Olivo also recently made the following trade(s):

• On Friday, August 28th, Maria Olivo sold 6,000 shares of Travelers Companies stock. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00.

Travelers Companies Price Performance

TRV stock traded up $6.69 during mid-day trading on Thursday, reaching $405.64. The company’s stock had a trading volume of 1,917,976 shares, compared to its average volume of 1,650,090. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $370.12 and its two-hundred day moving average is $339.95. The stock has a market cap of $83.14 billion, a PE ratio of 10.64, a P/E/G ratio of 2.80 and a beta of 0.43. The Travelers Companies, Inc. has a fifty-two week low of $264.25 and a fifty-two week high of $407.87.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, beating the consensus estimate of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The firm had revenue of $12.41 billion during the quarter, compared to analysts’ expectations of $11.36 billion. During the same quarter last year, the firm earned $8.14 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post 35.47 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.11%.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently made changes to their positions in TRV. HHM Wealth Advisors LLC grew its stake in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at about $26,000. LifeSteps Financial Inc. purchased a new position in shares of Travelers Companies in the 2nd quarter valued at about $26,000. Kilter Group LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter worth about $26,000. Finally, Delos Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter worth about $30,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRV. Barclays lifted their target price on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Bank of America raised their price objective on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research report on Monday, July 20th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the company an “in-line” rating in a research report on Friday, July 10th. Mizuho increased their target price on shares of Travelers Companies from $345.00 to $371.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target for the company. in a research report on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $364.32.

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.