The Travelers Companies, Inc. (NYSE:TRV – Get 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 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:
- Positive Sentiment: JPMorgan upgraded Travelers Companies (TRV), adding to a generally supportive analyst backdrop and reinforcing confidence in the insurer’s earnings outlook. JPMorgan Upgrades Travelers Companies (TRV)
- Positive Sentiment: Piper Sandler reiterated a Buy rating on Travelers, signaling continued Street support for the stock. Piper Sandler Remains a Buy on Travelers Companies (TRV)
- Positive Sentiment: Analyst estimate updates remain constructive overall, with Travelers still expected to generate strong full-year earnings and broker targets clustered above the current share price.
- Positive Sentiment: The company’s recent dividend increase may also support sentiment, as it highlights management confidence and capital return strength.
- Neutral Sentiment: A valuation-focused article noted that recent returns have softened versus longer-term gains, suggesting the stock may already reflect much of its recent strength. A Look At Travelers Companies (TRV) Valuation As Recent Returns Soften Against Longer Term Gains
- Negative Sentiment: Executive Vice President Michael Frederick Klein sold 10,000 shares worth about $3.08 million, and the insider sale may raise caution about near-term upside. Travelers Companies (NYSE:TRV) EVP Sells $3,076,500.00 in Stock
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
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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