Michael Frederick Klein Sells 10,000 Shares of Travelers Companies (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRVGet Free Report) EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on 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. The trade was a 18.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 Trading Down 1.8%

Shares of TRV stock opened at $294.50 on Friday. The stock’s fifty day moving average is $299.27 and its two-hundred day moving average is $293.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $62.63 billion, a P/E ratio of 8.76, a PEG ratio of 2.70 and a beta of 0.50. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12.

Travelers Companies (NYSE:TRVGet Free Report) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The company had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 EPS. Research analysts expect that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business 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 is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Travelers Companies’s dividend payout ratio is 13.09%.

Key Travelers Companies News

Here are the key news stories impacting Travelers Companies this week:

Analysts Set New Price Targets

A number of analysts have issued reports on TRV shares. Cantor Fitzgerald raised their target price on Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Wells Fargo & Company raised their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Barclays raised their target price on Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $311.47.

Read Our Latest Research Report on TRV

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently modified their holdings of the business. HHM Wealth Advisors LLC increased its position in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $26,000. Osterweis Capital Management Inc. increased its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $28,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Company Profile

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

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