Michael Frederick Klein Sells 3,545 Shares of Travelers Companies Inc (NYSE:TRV) Stock

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Travelers Companies Inc (NYSE:TRV) EVP Michael Frederick Klein sold 3,545 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $147.41, for a total transaction of $522,568.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE TRV opened at $145.59 on Friday. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $155.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market capitalization of $38.10 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. The company’s fifty day moving average price is $150.06 and its two-hundred day moving average price is $141.65.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. 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 2.25%. Travelers Companies’s dividend payout ratio (DPR) is 36.69%.

TRV has been the subject of several analyst reports. Deutsche Bank downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 target price for the company. in a research note on Thursday, June 27th. ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. MKM Partners increased their price objective on shares of Travelers Companies to $140.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Morgan Stanley reduced their price objective on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Barclays set a $177.00 price objective on shares of Travelers Companies and gave the company a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $148.78.

Large investors have recently modified their holdings of the business. Twin Capital Management Inc. raised its holdings in shares of Travelers Companies by 1.0% during the first quarter. Twin Capital Management Inc. now owns 32,380 shares of the insurance provider’s stock worth $4,441,000 after purchasing an additional 330 shares during the period. Goelzer Investment Management Inc. raised its holdings in shares of Travelers Companies by 18.2% during the first quarter. Goelzer Investment Management Inc. now owns 66,516 shares of the insurance provider’s stock worth $9,123,000 after purchasing an additional 10,239 shares during the period. Douglas Lane & Associates LLC raised its holdings in shares of Travelers Companies by 6.5% during the second quarter. Douglas Lane & Associates LLC now owns 2,080 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 127 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Travelers Companies by 9.1% during the second quarter. Sequoia Financial Advisors LLC now owns 2,452 shares of the insurance provider’s stock worth $367,000 after purchasing an additional 205 shares during the period. Finally, Financial Counselors Inc. raised its holdings in shares of Travelers Companies by 13.3% during the first quarter. Financial Counselors Inc. now owns 52,540 shares of the insurance provider’s stock worth $7,206,000 after purchasing an additional 6,175 shares during the period. 80.72% of the stock is currently owned by institutional investors.

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.

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