The Travelers Companies, Inc. (NYSE:TRV) EVP Michael Frederick Klein sold 10,051 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $127.47, for a total transaction of $1,281,200.97. Following the sale, the executive vice president now directly owns 1,542 shares in the company, valued at $196,558.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

The Travelers Companies, Inc. (NYSE:TRV) traded down 1.15% during trading on Wednesday, hitting $126.00. 1,288,911 shares of the company traded hands. The stock has a 50 day moving average price of $126.47 and a 200 day moving average price of $122.15. The company has a market capitalization of $34.77 billion, a P/E ratio of 12.55 and a beta of 1.21. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $129.60.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm posted $2.20 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post $8.96 earnings per share for the current year.

The Travelers Companies announced that its Board of Directors has initiated a share buyback plan on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

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Large investors have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new stake in shares of The Travelers Companies during the fourth quarter worth about $8,044,000. RMB Capital Management LLC boosted its stake in shares of The Travelers Companies by 102.9% in the fourth quarter. RMB Capital Management LLC now owns 2,138 shares of the insurance provider’s stock worth $262,000 after buying an additional 75,363 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of The Travelers Companies during the fourth quarter worth about $6,001,000. HighPoint Advisor Group LLC boosted its stake in shares of The Travelers Companies by 1.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,921 shares of the insurance provider’s stock worth $365,000 after buying an additional 33 shares in the last quarter. Finally, Becker Capital Management Inc. boosted its stake in shares of The Travelers Companies by 116.1% in the fourth quarter. Becker Capital Management Inc. now owns 5,100 shares of the insurance provider’s stock worth $607,000 after buying an additional 2,740 shares in the last quarter. Institutional investors and hedge funds own 77.87% of the company’s stock.

Several analysts have issued reports on TRV shares. Argus raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Monday, April 24th. Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a research report on Tuesday, June 27th. Citigroup Inc. upped their price target on shares of The Travelers Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, April 7th. Finally, BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $123.79.

About The Travelers Companies

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Insider Buying and Selling by Quarter for The Travelers Companies (NYSE:TRV)

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