Travelers Companies (NYSE:TRV) EVP Maria Olivo Sells 15,000 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the transaction, the executive vice president directly owned 88,642 shares of the company’s stock, valued at approximately $36,077,294. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, October 21st, Maria Olivo sold 15,100 shares of Travelers Companies stock. The shares were sold at an average price of $398.44, for a total transaction of $6,016,444.00.
• On Friday, August 28th, Maria Olivo sold 6,000 shares of Travelers Companies stock. The shares were sold at an average price of $369.86, for a total transaction of $2,219,160.00.

Travelers Companies Stock Down 1.9%

Shares of TRV stock traded down $7.81 during trading hours on Friday, hitting $395.08. 1,414,994 shares of the company were exchanged, compared to its average volume of 1,641,163. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a one year low of $268.00 and a one year high of $418.00. The business’s 50-day simple moving average is $377.14 and its two-hundred day simple moving average is $332.14. The stock has a market capitalization of $80.97 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 2.83 and a beta of 0.40.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. The business had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $8.14 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies’s dividend payout ratio is 13.11%.

Hedge Funds Weigh In On Travelers Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP boosted its position in Travelers Companies by 381.2% during the 3rd quarter. Allworth Financial LP now owns 50,725 shares of the insurance provider’s stock worth $16,745,000 after acquiring an additional 40,183 shares during the period. SVB Wealth LLC increased its holdings in shares of Travelers Companies by 5.3% during the third quarter. SVB Wealth LLC now owns 1,112 shares of the insurance provider’s stock valued at $396,000 after purchasing an additional 56 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of Travelers Companies by 3.5% during the third quarter. Tortoise Investment Management LLC now owns 1,004 shares of the insurance provider’s stock valued at $358,000 after purchasing an additional 34 shares during the period. Werba Rubin Papier Wealth Management increased its holdings in shares of Travelers Companies by 3.8% during the third quarter. Werba Rubin Papier Wealth Management now owns 764 shares of the insurance provider’s stock valued at $272,000 after purchasing an additional 28 shares during the period. Finally, Terril Brothers Inc. bought a new stake in shares of Travelers Companies during the third quarter valued at about $371,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRV has been the subject of several research reports. Bank of America lifted their price target on shares of Travelers Companies from $301.00 to $320.00 and gave the company an “underperform” rating in a report on Monday, October 12th. BMO Capital Markets increased their price objective on shares of Travelers Companies from $379.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 20th. TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and raised their target price for the stock from $288.00 to $297.00 in a report on Monday, July 13th. Mizuho lifted their target price on Travelers Companies from $345.00 to $371.00 and gave the company a “neutral” rating in a research note on Tuesday, October 20th. Finally, Argus increased their target price on Travelers Companies from $330.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $370.83.

About Travelers Companies

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.