Travelers Companies (NYSE:TRV) CFO Daniel Frey Sells 25,000 Shares of Stock

The Travelers Companies, Inc. (NYSE:TRV) CFO Daniel Frey sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the sale, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Travelers Companies Trading Up 1.2%

NYSE:TRV opened at $279.52 on Friday. The stock has a market cap of $62.35 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The business’s 50-day simple moving average is $274.23 and its 200 day simple moving average is $268.74.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the previous year, the business earned $5.24 EPS. Travelers Companies’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is 17.30%.

Analyst Upgrades and Downgrades

TRV has been the subject of several recent analyst reports. Piper Sandler raised their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Citigroup began coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Finally, Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $291.31.

Hedge Funds Weigh In On Travelers Companies

Several large investors have recently made changes to their positions in the business. PFG Advisors increased its stake in Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after acquiring an additional 2,217 shares during the period. Greatmark Investment Partners Inc. lifted its position in shares of Travelers Companies by 3.0% in the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after acquiring an additional 1,772 shares during the period. Atlas Capital Advisors Inc. grew its holdings in shares of Travelers Companies by 890.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after purchasing an additional 4,098 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Travelers Companies by 25.4% during the first quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock valued at $127,108,000 after purchasing an additional 97,247 shares during the period. Finally, Fidelis Capital Partners LLC increased its position in shares of Travelers Companies by 163.1% during the first quarter. Fidelis Capital Partners LLC now owns 2,828 shares of the insurance provider’s stock valued at $733,000 after purchasing an additional 1,753 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.