The Travelers Companies, Inc. (NYSE:TRV) EVP Kenneth Franklin Spence III sold 4,800 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $128.73, for a total value of $617,904.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of The Travelers Companies, Inc. (NYSE TRV) traded up 0.20% during mid-day trading on Tuesday, reaching $129.05. The company’s stock had a trading volume of 1,132,858 shares. The stock has a market capitalization of $35.61 billion, a P/E ratio of 12.85 and a beta of 1.20. The company has a 50 day moving average price of $127.16 and a 200 day moving average price of $123.29. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.36.

The Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the business earned $2.20 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post $8.90 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

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TRV has been the subject of a number of analyst reports. Argus raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Monday, April 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $126.00 price target on shares of The Travelers Companies in a report on Monday, May 22nd. Citigroup Inc. reissued a “buy” rating and issued a $148.00 price target (down previously from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Morgan Stanley reissued an “underweight” rating and issued a $119.00 price target (up previously from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $124.01.

A number of large investors have recently added to or reduced their stakes in the company. Balasa Dinverno & Foltz LLC increased its stake in The Travelers Companies by 0.3% in the first quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock worth $416,000 after buying an additional 9 shares during the period. Tradewinds Capital Management LLC boosted its position in shares of The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares in the last quarter. Community Bank N.A. boosted its position in shares of The Travelers Companies by 0.7% in the second quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock worth $181,000 after buying an additional 10 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its position in shares of The Travelers Companies by 0.6% in the first quarter. American Economic Planning Group Inc. ADV now owns 2,529 shares of the insurance provider’s stock worth $305,000 after buying an additional 15 shares in the last quarter. Finally, First Business Financial Services Inc. boosted its position in shares of The Travelers Companies by 0.5% in the second quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock worth $552,000 after buying an additional 20 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

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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