Traders Sell The Travelers Companies, Inc. (TRV) on Strength After Insider Selling

Traders sold shares of The Travelers Companies, Inc. (NYSE:TRV) on strength during trading hours on Wednesday following insider selling activity. $27.49 million flowed into the stock on the tick-up and $63.96 million flowed out of the stock on the tick-down, for a money net flow of $36.47 million out of the stock. Of all stocks tracked, The Travelers Companies had the 0th highest net out-flow for the day. The Travelers Companies traded up $0.42 for the day and closed at $129.47Specifically, Vice Chairman William H. Heyman sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.48, for a total transaction of $864,360.00. Following the completion of the sale, the insider now owns 246,744 shares of the company’s stock, valued at approximately $30,467,949.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andy F. Bessette sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $128.50, for a total transaction of $424,050.00. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $1,285,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 194,303 shares of company stock valued at $24,702,936. Insiders own 0.82% of the company’s stock.

Several analysts have recently commented on the stock. Barclays PLC raised their price objective on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Finally, MKM Partners reissued a “neutral” rating and issued a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The Travelers Companies currently has an average rating of “Hold” and a consensus target price of $124.01.

The stock has a market cap of $35.73 billion, a PE ratio of 12.89 and a beta of 1.20. The stock has a 50-day moving average price of $127.25 and a 200-day moving average price of $123.41.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the business earned $2.20 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that The Travelers Companies, Inc. will post $8.90 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.22%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

The Travelers Companies declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Manhattan Co. boosted its position in shares of The Travelers Companies by 3.9% in the first quarter. First Manhattan Co. now owns 190,036 shares of the insurance provider’s stock valued at $21,768,000 after buying an additional 7,216 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of The Travelers Companies during the first quarter valued at about $1,637,000. Lincoln National Corp purchased a new position in shares of The Travelers Companies during the first quarter valued at about $275,000. Janney Montgomery Scott LLC boosted its position in shares of The Travelers Companies by 5.4% in the first quarter. Janney Montgomery Scott LLC now owns 174,890 shares of the insurance provider’s stock valued at $21,081,000 after buying an additional 8,909 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of The Travelers Companies by 50.7% in the first quarter. Great Lakes Advisors LLC now owns 109,810 shares of the insurance provider’s stock valued at $13,236,000 after buying an additional 36,923 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

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About The Travelers Companies

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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