Insider Selling: Travelers Companies Inc (NYSE:TRV) EVP Sells $1,017,809.47 in Stock

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Travelers Companies Inc (NYSE:TRV) EVP Diane D. Bengston sold 6,899 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $147.53, for a total value of $1,017,809.47. Following the completion of the transaction, the executive vice president now directly owns 11,746 shares of the company’s stock, valued at approximately $1,732,887.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of TRV opened at $147.36 on Thursday. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $155.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a 50 day moving average of $150.69. The firm has a market cap of $38.26 billion, a PE ratio of 16.48, a PEG ratio of 1.39 and a beta of 0.94.

Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the company posted $1.81 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts anticipate that Travelers Companies Inc will post 10.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.23%. Travelers Companies’s payout ratio is presently 36.69%.

Several equities analysts have commented on TRV shares. UBS Group upped their price target on Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Barclays upped their price target on Travelers Companies from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. ValuEngine cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Morgan Stanley cut their price target on Travelers Companies from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, July 24th. Finally, Buckingham Research cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and a consensus target price of $148.55.

Several institutional investors and hedge funds have recently modified their holdings of TRV. Bridges Investment Management Inc. boosted its position in Travelers Companies by 2.9% in the 2nd quarter. Bridges Investment Management Inc. now owns 5,048 shares of the insurance provider’s stock valued at $755,000 after buying an additional 142 shares during the last quarter. Granite Investment Partners LLC boosted its position in Travelers Companies by 105.7% in the 2nd quarter. Granite Investment Partners LLC now owns 11,138 shares of the insurance provider’s stock valued at $1,665,000 after buying an additional 5,723 shares during the last quarter. Copperwynd Financial LLC boosted its position in Travelers Companies by 2.4% in the 2nd quarter. Copperwynd Financial LLC now owns 3,567 shares of the insurance provider’s stock valued at $533,000 after buying an additional 85 shares during the last quarter. Commerce Bank boosted its position in Travelers Companies by 2.4% in the 2nd quarter. Commerce Bank now owns 28,402 shares of the insurance provider’s stock valued at $4,247,000 after buying an additional 661 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC bought a new position in Travelers Companies in the 2nd quarter valued at $462,000. 80.58% of the stock is 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.

See Also: Equity Income

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

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