William H. Heyman Sells 3,740 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Travelers Companies Trading Up 1.0 %

TRV stock traded up $2.61 on Tuesday, hitting $263.83. 1,336,190 shares of the company were exchanged, compared to its average volume of 1,306,867. The Travelers Companies, Inc. has a twelve month low of $175.88 and a twelve month high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The business’s fifty day moving average is $247.20 and its two-hundred day moving average is $226.36. The stock has a market capitalization of $59.89 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company 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 business earned $1.95 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, research analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.59%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRV. Roth Mkm raised their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Royal Bank of Canada lifted their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Citigroup lifted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. Finally, BMO Capital Markets boosted their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $251.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quent Capital LLC lifted its position in shares of Travelers Companies by 19.7% in the 1st quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock worth $316,000 after buying an additional 226 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Travelers Companies during the first quarter worth approximately $959,000. B. Riley Wealth Advisors Inc. lifted its position in Travelers Companies by 265.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 9,695 shares of the insurance provider’s stock worth $2,231,000 after purchasing an additional 7,043 shares during the period. California State Teachers Retirement System lifted its position in Travelers Companies by 0.4% in the first quarter. California State Teachers Retirement System now owns 372,074 shares of the insurance provider’s stock worth $85,629,000 after purchasing an additional 1,507 shares during the period. Finally, Tidal Investments LLC lifted its position in Travelers Companies by 4.9% in the first quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider’s stock worth $900,000 after purchasing an additional 184 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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.