William H. Heyman Sells 2,014 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $65,099,840. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Travelers Companies Price Performance

TRV stock traded down $5.92 during midday trading on Friday, reaching $250.50. The stock had a trading volume of 941,334 shares, compared to its average volume of 1,314,289. The Travelers Companies, Inc. has a 52-week low of $159.89 and a 52-week high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $235.51 and its 200 day simple moving average is $220.45. The company has a market cap of $57.36 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 18.24 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds have recently modified their holdings of TRV. Y.D. More Investments Ltd acquired a new position in Travelers Companies in the second quarter valued at about $25,000. Pathway Financial Advisers LLC acquired a new position in Travelers Companies in the first quarter valued at about $35,000. Beacon Capital Management LLC lifted its position in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies in the first quarter valued at about $45,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Roth Mkm raised their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group raised their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $247.90.

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.