Key Points
- Travelers EVP Michael Frederick Klein sold 10,000 shares on May 26 for about $3.08 million, reducing his stake by 18.14%. He had also sold 10,000 shares in April.
- The company recently raised its quarterly dividend to $1.25 per share from $1.10, lifting the annualized payout to $5.00 and the yield to about 1.7%.
- Travelers beat first-quarter expectations with EPS of $7.71 versus the $6.80 estimate, while analysts currently rate the stock a Hold on average with a consensus price target of $311.47.
The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Michael Frederick Klein also recently made the following trade(s):
- On Monday, April 20th, Michael Frederick Klein sold 10,000 shares of Travelers Companies stock. The shares were sold at an average price of $303.77, for a total value of $3,037,700.00.
Travelers Companies Price Performance
TRV opened at $299.97 on Thursday. The business's 50-day moving average is $299.51 and its two-hundred day moving average is $293.63. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $313.12. 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 firm has a market capitalization of $63.79 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 2.75 and a beta of 0.50.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 28.03 earnings per share for the current fiscal year.
Travelers Companies Increases Dividend
The company 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 $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.7%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. Travelers Companies's payout ratio is 13.09%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on TRV. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research report on Tuesday. Barclays upped their price target on Travelers Companies from $312.00 to $331.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 8th. UBS Group reiterated a "neutral" rating on shares of Travelers Companies in a research note on Monday, February 2nd. Wells Fargo & Company increased their price target on Travelers Companies from $285.00 to $305.00 and gave the company an "equal weight" rating in a research note on Thursday, April 9th. Finally, Cantor Fitzgerald increased their price target on Travelers Companies from $316.00 to $319.00 and gave the company an "overweight" rating in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $311.47.
Get Our Latest Stock Analysis on Travelers Companies
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Allen Capital Group LLC increased its stake in Travelers Companies by 6.0% during the 1st quarter. Allen Capital Group LLC now owns 741 shares of the insurance provider's stock valued at $216,000 after purchasing an additional 42 shares in the last quarter. Ruggaard & Associates LLC grew its stake in Travelers Companies by 5.5% during the 1st quarter. Ruggaard & Associates LLC now owns 1,250 shares of the insurance provider's stock valued at $365,000 after purchasing an additional 65 shares during the last quarter. Groupama Asset Managment purchased a new stake in Travelers Companies during the 1st quarter valued at about $762,000. Segall Bryant & Hamill LLC purchased a new stake in Travelers Companies during the 1st quarter valued at about $1,295,000. Finally, FinArc Investments Inc. purchased a new stake in Travelers Companies during the 1st quarter valued at about $4,418,000. Institutional investors and hedge funds own 82.45% of the company's stock.
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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