Todays Report: Today, The Travelers Cos. (TRV) Vice Chairman William H. Heyman Sold 1,000 Shares

Today, The Travelers Cos. (TRV) Vice Chairman William H. Heyman Sold 1,000 Shares

The Travelers Cos. (NYSE:TRV) Vice Chairman William H. Heyman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $113.75, for a total transaction of $113,750.00. Following the completion of the sale, the insider now owns 229,254 shares in the company, valued at $26,077,642.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of The Travelers Cos. (NYSE:TRV) opened at 113.81 on Tuesday. The Travelers Cos. has a 12-month low of $101.23 and a 12-month high of $119.32. The company’s 50 day moving average is $110.74 and its 200 day moving average is $114.37. The company has a market capitalization of $32.33 billion, a P/E ratio of 11.54 and a beta of 1.03.

The Travelers Cos. (NYSE:TRV) last released its quarterly earnings data on Thursday, October 20th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.13. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the firm earned $2.93 EPS. The Travelers Cos.’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts expect that The Travelers Cos. will post $9.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.36%. The ex-dividend date is Wednesday, December 7th. The Travelers Cos.’s payout ratio is 27.29%.

TRV has been the topic of a number of recent analyst reports. Barclays PLC restated an “equal weight” rating and set a $109.00 price target (up previously from $105.00) on shares of The Travelers Cos. in a report on Saturday, October 1st. Credit Suisse Group AG set a $111.00 price target on shares of The Travelers Cos. and gave the company a “hold” rating in a report on Monday, September 12th. Zacks Investment Research upgraded shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Citigroup Inc. boosted their price target on shares of The Travelers Cos. from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Tuesday, October 11th. Finally, William Blair lowered shares of The Travelers Cos. from a “market perform” rating to an “underperform” rating in a report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $117.64.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in The Travelers Cos. by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 154,010 shares of the company’s stock valued at $18,333,000 after buying an additional 7,464 shares during the last quarter. Ngam Advisors L.P. raised its position in The Travelers Cos. by 0.3% in the second quarter. Ngam Advisors L.P. now owns 208,728 shares of the company’s stock valued at $24,847,000 after buying an additional 593 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of The Travelers Cos. by 0.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 812,015 shares of the company’s stock valued at $96,664,000 after buying an additional 2,267 shares during the period. Clean Yield Group increased its stake in shares of The Travelers Cos. by 5.1% in the second quarter. Clean Yield Group now owns 1,535 shares of the company’s stock valued at $183,000 after buying an additional 75 shares during the period. Finally, Foster & Motley Inc. increased its stake in shares of The Travelers Cos. by 2.2% in the second quarter. Foster & Motley Inc. now owns 85,260 shares of the company’s stock valued at $10,149,000 after buying an additional 1,824 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

About The Travelers Cos.

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