Sen. Tommy Tuberville Sells Off Shares of The Travelers Companies, Inc. (NYSE:TRV)

Senator Tommy Tuberville (R-Alabama) recently sold shares of The Travelers Companies, Inc. (NYSE:TRV). In a filing disclosed on November 15th, the Senator disclosed that they had sold between $15,001 and $50,000 in Travelers Companies stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Kimberly-Clark (NYSE:KMB) on 10/29/2024.
• Sold $1,001 – $15,000 in shares of Corteva (NYSE:CTVA) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Owens Corning (NYSE:OC) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/26/2024.

Travelers Companies Price Performance

Shares of TRV stock opened at $260.82 on Friday. The firm has a market capitalization of $59.21 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $169.18 and a 12-month high of $269.55. The firm has a fifty day moving average of $243.91 and a 200-day moving average of $223.99.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 21.54%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group increased their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group lifted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup lifted their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Piper Sandler reduced their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $247.90.

Insiders Place Their Bets

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,999 shares of company stock worth $16,580,166. Company insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRV. Executive Wealth Management LLC bought a new stake in Travelers Companies during the third quarter worth about $8,948,000. Continuum Advisory LLC raised its position in Travelers Companies by 1,122.2% during the 3rd quarter. Continuum Advisory LLC now owns 330 shares of the insurance provider’s stock valued at $85,000 after purchasing an additional 303 shares during the last quarter. LRI Investments LLC grew its holdings in shares of Travelers Companies by 50.7% during the 3rd quarter. LRI Investments LLC now owns 6,364 shares of the insurance provider’s stock worth $1,633,000 after acquiring an additional 2,141 shares during the period. PYA Waltman Capital LLC grew its holdings in shares of Travelers Companies by 4.4% during the 3rd quarter. PYA Waltman Capital LLC now owns 5,464 shares of the insurance provider’s stock worth $1,279,000 after acquiring an additional 229 shares during the period. Finally, SGL Investment Advisors Inc. purchased a new position in shares of Travelers Companies during the 3rd quarter worth approximately $4,992,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville’s career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

Travelers Companies Company Profile

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.