Travelers Companies (NYSE:TRV) CEO Alan Schnitzer Sells 55,733 Shares of Stock

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

Travelers Companies Trading Up 1.7%

NYSE:TRV opened at $300.18 on Friday. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $302.38. The business has a 50 day moving average price of $284.69 and a two-hundred day moving average price of $277.55. The company has a market cap of $66.96 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 2.74 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last issued 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. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $9.15 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio is currently 15.98%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TRV shares. Cantor Fitzgerald upped their price target on shares of Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group upgraded shares of Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company cut their target price on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. The Goldman Sachs Group downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price target on the stock. in a research report on Wednesday, January 7th. Finally, Evercore ISI upped their price objective on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $303.00.

Hedge Funds Weigh In On Travelers Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. raised its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. Delos Wealth Advisors LLC bought a new position in Travelers Companies in the 2nd quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC raised its position in Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Quaker Wealth Management LLC raised its position in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares during the last quarter. Finally, Clayton Financial Group LLC bought a new stake in Travelers Companies in the third quarter valued at approximately $28,000. 82.45% of the stock is owned by institutional investors and hedge funds.

About Travelers Companies

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.