The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Jeffrey P. Klenk sold 3,635 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares of the company's stock, valued at $1,298,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Travelers Companies Stock Up 0.6 %
Travelers Companies stock opened at $214.41 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The stock has a market cap of $49.10 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The firm's 50-day simple moving average is $220.96 and its 200 day simple moving average is $199.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.
Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share 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 firm had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $10.62 billion. During the same quarter last year, the firm posted $4.11 earnings per share. The firm's revenue for the quarter was up 15.7% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.
Travelers Companies Increases Dividend
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The business 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 $1.05 dividend. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a yield of 1.96%. Travelers Companies's payout ratio is currently 29.72%.
Institutional Trading of Travelers Companies
Several hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its position in Travelers Companies by 4.2% in the first quarter. Proficio Capital Partners LLC now owns 1,596 shares of the insurance provider's stock worth $367,000 after acquiring an additional 64 shares during the period. Central Pacific Bank Trust Division bought a new stake in Travelers Companies in the first quarter worth about $249,000. Whittier Trust Co. of Nevada Inc. raised its position in Travelers Companies by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 22,216 shares of the insurance provider's stock worth $5,113,000 after acquiring an additional 185 shares during the period. Peregrine Asset Advisers Inc. bought a new stake in Travelers Companies in the first quarter worth about $9,245,000. Finally, Daiwa Securities Group Inc. raised its position in Travelers Companies by 5.8% in the first quarter. Daiwa Securities Group Inc. now owns 97,385 shares of the insurance provider's stock worth $22,412,000 after acquiring an additional 5,301 shares during the period. Institutional investors own 82.45% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on TRV. UBS Group reduced their price target on shares of Travelers Companies from $237.00 to $230.00 and set a "neutral" rating for the company in a report on Monday, April 22nd. Morgan Stanley raised their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an "equal weight" rating in a report on Monday, April 15th. Evercore ISI reduced their price target on shares of Travelers Companies from $253.00 to $250.00 and set an "outperform" rating for the company in a report on Thursday, April 18th. Citigroup raised their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. Finally, HSBC lifted their price objective on shares of Travelers Companies from $218.00 to $240.00 and gave the company a "hold" rating in a report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $223.47.
Get Our Latest Research Report on Travelers Companies
Travelers Companies Company Profile
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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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