Jay S. Benet Sells 4,437 Shares of Travelers Companies Inc (TRV) Stock

Travelers Companies Inc (NYSE:TRV) Vice Chairman Jay S. Benet sold 4,437 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $141.20, for a total value of $626,504.40. Following the completion of the transaction, the insider now directly owns 89,737 shares of the company’s stock, valued at $12,670,864.40. The sale was disclosed in a filing with the SEC, which is available through this link.

TRV stock opened at $134.90 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $38,298.49, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.88 and a beta of 1.29. Travelers Companies Inc has a one year low of $113.76 and a one year high of $150.55.

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Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). The firm had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $6.47 billion. Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.20 earnings per share. equities research analysts predict that Travelers Companies Inc will post 10.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, March 8th. Travelers Companies’s payout ratio is currently 39.40%.

Several large investors have recently made changes to their positions in TRV. Stelac Advisory Services LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at $101,000. Field & Main Bank acquired a new stake in shares of Travelers Companies during the 4th quarter valued at $102,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at $106,000. Valeo Financial Advisors LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at $108,000. Finally, CNB Bank acquired a new stake in shares of Travelers Companies during the 4th quarter valued at $113,000. Institutional investors own 80.11% of the company’s stock.

TRV has been the subject of a number of recent analyst reports. Goldman Sachs initiated coverage on Travelers Companies in a report on Monday, December 4th. They issued a “sell” rating and a $124.00 price objective for the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $152.00 price objective on shares of Travelers Companies in a report on Wednesday, December 6th. Royal Bank of Canada reissued a “buy” rating and issued a $148.00 price objective on shares of Travelers Companies in a report on Friday, December 8th. ValuEngine lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Zacks Investment Research raised Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Friday, January 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and an average price target of $137.20.

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Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Insider Buying and Selling by Quarter for Travelers Companies (NYSE:TRV)

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