The Travelers Companies, Inc. (TRV) Vice Chairman Sells $690,908.78 in Stock

The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman Jay S. Benet sold 5,518 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $125.21, for a total value of $690,908.78. Following the completion of the sale, the insider now owns 82,824 shares of the company’s stock, valued at approximately $10,370,393.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

The Travelers Companies, Inc. (NYSE TRV) traded down 0.19% during midday trading on Friday, reaching $128.78. The company had a trading volume of 1,205,937 shares. The stock has a market cap of $35.98 billion, a P/E ratio of 12.67 and a beta of 1.19. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $129.60. The firm has a 50-day moving average of $122.73 and a 200-day moving average of $120.75.

The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 20th. The insurance provider reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.40 by $0.24. The Travelers Companies had a net margin of 10.55% and a return on equity of 12.01%. The business had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the previous year, the company earned $2.33 EPS. The Travelers Companies’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts expect that The Travelers Companies, Inc. will post $9.23 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be paid a dividend of $0.72 per share. This is an increase from The Travelers Companies’s previous quarterly dividend of $0.67. The ex-dividend date is Wednesday, June 7th. This represents a $2.88 annualized dividend and a yield of 2.23%. The Travelers Companies’s dividend payout ratio is presently 28.40%.

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A number of hedge funds have recently made changes to their positions in TRV. Vanguard Group Inc. increased its stake in shares of The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock valued at $2,597,871,000 after buying an additional 633,510 shares during the last quarter. BlackRock Inc. increased its stake in shares of The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after buying an additional 19,585,476 shares during the last quarter. State Street Corp increased its stake in shares of The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock valued at $2,284,205,000 after buying an additional 304,049 shares during the last quarter. FMR LLC increased its stake in shares of The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after buying an additional 1,954,573 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after buying an additional 260,838 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

A number of analysts have commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $115.00 price objective on shares of The Travelers Companies in a research report on Thursday, May 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $126.00 price objective on shares of The Travelers Companies in a research report on Monday, May 22nd. Citigroup Inc. raised their price objective on The Travelers Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, April 7th. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Monday, April 24th. Finally, Barclays PLC reiterated a “hold” rating and issued a $119.00 price objective on shares of The Travelers Companies in a research report on Sunday, February 19th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The Travelers Companies has an average rating of “Hold” and an average target price of $121.08.

The Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

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