Key Points
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The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Jeffrey Klenk sold 16,712 shares of the firm's stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the sale, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,699,602.75. The trade was a 73.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Travelers Companies Trading Up 1.4%
NYSE TRV opened at $281.70 on Tuesday. The firm's fifty day moving average price is $285.14 and its 200 day moving average price is $276.11. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $296.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35. The company has a market capitalization of $62.84 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 2.63 and a beta of 0.52.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating analysts' consensus estimates of $8.34 by $2.79. The firm had revenue of $12.43 billion during the quarter, compared to analysts' expectations of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. Travelers Companies's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $9.15 earnings per share. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.
Travelers Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, March 10th. Travelers Companies's dividend payout ratio (DPR) is currently 15.98%.
Travelers Companies declared that its board has initiated a share repurchase program on Wednesday, January 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to buy up to 8.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.
Analysts Set New Price Targets
Several research firms have recently weighed in on TRV. Jefferies Financial Group raised Travelers Companies to a "hold" rating in a report on Tuesday, January 6th. Barclays decreased their price target on shares of Travelers Companies from $315.00 to $312.00 and set an "equal weight" rating for the company in a research note on Thursday, January 8th. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $302.00 to $305.00 and gave the company an "underweight" rating in a research note on Wednesday, January 7th. Morgan Stanley increased their target price on shares of Travelers Companies from $285.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Monday, November 17th. Finally, Wall Street Zen cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Sunday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $301.20.
Read Our Latest Research Report on TRV
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Osterweis Capital Management Inc. lifted its position 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 during the period. Delos Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the 2nd quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider's stock valued at $27,000 after buying an additional 55 shares during the period. Quaker Wealth Management LLC lifted its holdings in shares of Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider's stock valued at $28,000 after buying an additional 208 shares during the period. Finally, Clayton Financial Group LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at approximately $28,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.
About Travelers Companies
(
Get Free Report)
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.
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