Key Points
- EVP Diane Kurtzman sold 2,867 shares on April 20 at an average price of $303.45 for total proceeds of $869,991.15, trimming her stake by 35.11% to 5,298 shares valued at $1,607,678.10.
- Travelers beat expectations in Q1 with $7.71 EPS versus a $6.80 consensus and revenue of $11.92 billion, alongside a 24.06% return on equity and a 15.54% net margin.
- The company’s board authorized a $5.0 billion share buyback (about 8.3% of shares) and raised the quarterly dividend to $1.25 per share (annualized $5.00, ~1.7% yield).
The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Diane Kurtzman sold 2,867 shares of the company's stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the sale, the executive vice president owned 5,298 shares of the company's stock, valued at $1,607,678.10. The trade was a 35.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Travelers Companies Stock Up 0.2%
NYSE TRV opened at $301.39 on Wednesday. The business has a fifty day moving average price of $299.71 and a two-hundred day moving average price of $288.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12. The stock has a market capitalization of $64.09 billion, a PE ratio of 8.97, a PEG ratio of 2.75 and a beta of 0.51.
Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm had revenue of $11.92 billion during the quarter, compared to analysts' expectations of $11.11 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The company's quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 27.37 earnings per share for the current fiscal year.
Travelers Companies announced that its board has authorized a stock repurchase program on Wednesday, January 21st that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the insurance provider to repurchase up to 8.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.
Travelers Companies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.7%. Travelers Companies's dividend payout ratio is currently 13.09%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on TRV shares. Evercore restated an "outperform" rating on shares of Travelers Companies in a research note on Friday. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $340.00 to $342.00 and gave the stock an "outperform" rating in a research note on Monday. Weiss Ratings upgraded Travelers Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, February 9th. JPMorgan Chase & Co. upped their target price on Travelers Companies from $302.00 to $305.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 7th. Finally, Mizuho cut their target price on Travelers Companies from $315.00 to $304.00 and set a "neutral" rating for the company in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $309.13.
Get Our Latest Analysis on TRV
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of TRV. HHM Wealth Advisors LLC increased its holdings in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 51 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies in the fourth quarter valued at $26,000. Osterweis Capital Management Inc. increased its holdings 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. Barnes Dennig Private Wealth Management LLC increased its holdings 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 period. Finally, Clayton Financial Group LLC acquired a new stake in Travelers Companies in the third quarter valued at $28,000. 82.45% of the stock is currently owned by institutional investors.
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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