The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Travelers Companies Trading Down 0.3 %
Shares of Travelers Companies stock opened at $213.45 on Friday. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $48.88 billion, a P/E ratio of 15.86, a PEG ratio of 1.11 and a beta of 0.58. The company's fifty day moving average is $221.50 and its two-hundred day moving average is $198.41.
Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $10.62 billion. During the same period in the previous year, the business posted $4.11 earnings per share. The company's revenue for the quarter was up 15.7% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post 17.74 earnings per share for the current year.
Travelers Companies Increases Dividend
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, June 7th. Travelers Companies's dividend payout ratio (DPR) is presently 29.72%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Travelers Companies by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider's stock worth $18,217,000 after acquiring an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in shares of Travelers Companies by 124.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider's stock worth $2,660,000 after acquiring an additional 7,649 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Travelers Companies in the 4th quarter worth $2,201,000. Nordea Investment Management AB lifted its stake in shares of Travelers Companies by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider's stock worth $46,919,000 after acquiring an additional 16,580 shares during the period. Finally, DNB Asset Management AS lifted its stake in shares of Travelers Companies by 53.5% in the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider's stock worth $13,240,000 after acquiring an additional 24,230 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Jefferies Financial Group dropped their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a "hold" rating on the stock in a research report on Friday, April 19th. Evercore ISI dropped their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday, April 18th. HSBC increased their price objective on shares of Travelers Companies from $218.00 to $240.00 and gave the company a "hold" rating in a research report on Thursday, April 4th. StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Morgan Stanley increased their price objective on shares of Travelers Companies from $222.00 to $230.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $223.47.
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About Travelers Companies
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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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