The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total value of $3,039,360.00. Following the completion of the sale, the insider now directly owns 253,744 shares of the company’s stock, valued at approximately $32,134,140.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of The Travelers Companies, Inc. (TRV) traded down 1.15% during trading on Wednesday, hitting $126.00. The stock had a trading volume of 1,287,439 shares. The stock’s 50 day moving average is $126.47 and its 200-day moving average is $122.15. The company has a market cap of $34.77 billion, a PE 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 posted its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the business earned $2.20 EPS. The Travelers Companies’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post $8.96 earnings per share for the current year.

The Travelers Companies announced that its board has initiated a stock repurchase program on Thursday, April 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the insurance provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

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Large investors have recently bought and sold shares of the company. CWM LLC boosted its stake in The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after buying an additional 37 shares during the period. Westside Investment Management Inc. boosted its position in shares of The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares during the last quarter. First Personal Financial Services boosted its position in shares of The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares during the last quarter. Liberty Capital Management Inc. boosted its position in shares of The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock worth $154,000 after buying an additional 1,000 shares during the last quarter. Finally, Bartlett & Co. LLC boosted its position in shares of The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock worth $169,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 77.87% of the company’s stock.

Several equities research analysts have weighed in on the company. MKM Partners reissued a “neutral” rating and issued a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a report on Wednesday. BidaskClub cut The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday. Citigroup Inc. reiterated a “buy” rating and set a $148.00 price target (down from $150.00) on shares of The Travelers Companies in a research report on Monday. Morgan Stanley reiterated an “underweight” rating and set a $119.00 price target (up from $112.00) on shares of The Travelers Companies in a research report on Friday, July 7th. Finally, Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target for the company in a research report on Monday, July 3rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price 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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