Insider Selling: Travelers Companies Inc (NYSE:TRV) EVP Sells $522,568.45 in Stock

Travelers Companies Inc (NYSE:TRV) EVP Michael Frederick Klein sold 3,545 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $147.41, for a total transaction of $522,568.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of TRV opened at $145.59 on Friday. Travelers Companies Inc has a twelve month low of $111.08 and a twelve month high of $155.09. The firm’s fifty day simple moving average is $150.06 and its 200-day simple moving average is $141.65. The firm has a market capitalization of $38.10 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.39 and a beta of 0.94. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the business earned $1.81 earnings per share. Travelers Companies’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Travelers Companies Inc will post 10.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.82 per share. The ex-dividend date is Monday, September 9th. This represents a $3.28 annualized dividend and a yield of 2.25%. Travelers Companies’s dividend payout ratio is currently 36.69%.

Large investors have recently made changes to their positions in the stock. Advantage Investment Management LLC acquired a new stake in Travelers Companies during the 2nd quarter worth $25,000. Next Capital Management LLC acquired a new stake in Travelers Companies during the 2nd quarter worth $25,000. Krane Funds Advisors LLC acquired a new stake in Travelers Companies during the 2nd quarter worth $25,000. Virtus ETF Advisers LLC acquired a new stake in Travelers Companies during the 2nd quarter worth $25,000. Finally, Interactive Financial Advisors acquired a new stake in Travelers Companies during the 1st quarter worth $27,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

A number of equities research analysts have recently weighed in on TRV shares. ValuEngine lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Buckingham Research lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a report on Friday, July 19th. Keefe, Bruyette & Woods lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price objective on the stock. in a report on Wednesday, June 5th. Deutsche Bank lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price objective on the stock. in a report on Thursday, June 27th. Finally, Barclays set a $177.00 price objective on shares of Travelers Companies and gave the company a “buy” rating in a report on Monday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $148.78.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

See Also: How Does the Quiet Period Work?

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

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.