Travelers Companies (NYSE:TRV) CEO Sells $16,424,515.10 in Stock

The Travelers Companies, Inc. (NYSE:TRV) CEO Alan Schnitzer sold 55,733 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $294.70, for a total value of $16,424,515.10. Following the transaction, the chief executive officer directly owned 260,329 shares in the company, valued at approximately $76,718,956.30. This trade represents a 17.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $4.96 during midday trading on Thursday, hitting $300.18. 1,933,430 shares of the company’s stock were exchanged, compared to its average volume of 1,807,962. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $66.96 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 2.67 and a beta of 0.51. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $302.38. The company’s 50 day moving average price is $284.57 and its 200 day moving average price is $277.40.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.34 by $2.79. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. During the same quarter last year, the firm posted $9.15 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio is presently 15.98%.

Travelers Companies declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRV. Avalon Trust Co raised its holdings in shares of Travelers Companies by 23.4% during the 2nd quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock valued at $2,018,000 after buying an additional 1,429 shares in the last quarter. Liberty One Investment Management LLC boosted its stake in Travelers Companies by 32.3% in the third quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock worth $7,323,000 after buying an additional 6,408 shares in the last quarter. CWM LLC raised its stake in shares of Travelers Companies by 11.3% during the third quarter. CWM LLC now owns 135,143 shares of the insurance provider’s stock worth $37,735,000 after acquiring an additional 13,758 shares in the last quarter. Compass Wealth Management LLC raised its stake in shares of Travelers Companies by 147.5% during the third quarter. Compass Wealth Management LLC now owns 28,830 shares of the insurance provider’s stock worth $8,050,000 after acquiring an additional 17,181 shares in the last quarter. Finally, National Pension Service lifted its holdings in shares of Travelers Companies by 1.8% in the 3rd quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock worth $208,545,000 after acquiring an additional 13,120 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. Roth Mkm raised their price target on shares of Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings cut shares of Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, January 26th. Morgan Stanley lifted their price target on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, Barclays lowered their price objective on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. One equities research analyst has 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $303.00.

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.