Travelers Companies (NYSE:TRV) Shares Gap Down to $206.95

The Travelers Companies, Inc. (NYSE:TRV) shares gapped down prior to trading on Friday . The stock had previously closed at $206.95, but opened at $200.68. Travelers Companies shares last traded at $203.26, with a volume of 186,393 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TRV. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. UBS Group lowered their target price on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup reaffirmed a “sell” rating and issued a $200.00 price objective (down from $226.00) on shares of Travelers Companies in a report on Friday. Finally, William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $221.12.

Travelers Companies Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The firm’s 50 day simple moving average is $212.47 and its 200 day simple moving average is $211.52. The stock has a market capitalization of $46.56 billion, a PE ratio of 15.11, a P/E/G ratio of 1.10 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.11 earnings per share. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.59 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now owns 18,515 shares in the company, valued at $3,941,843.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold a total of 18,635 shares of company stock worth $3,980,827 over the last quarter. Corporate insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Old Port Advisors lifted its stake in shares of Travelers Companies by 5.3% in the 1st quarter. Old Port Advisors now owns 1,301 shares of the insurance provider’s stock worth $299,000 after purchasing an additional 65 shares during the period. EverSource Wealth Advisors LLC raised its stake in Travelers Companies by 11.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 572 shares of the insurance provider’s stock worth $121,000 after acquiring an additional 57 shares during the period. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies during the first quarter worth about $35,000. Boston Partners lifted its holdings in shares of Travelers Companies by 16.4% in the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after buying an additional 196,011 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in shares of Travelers Companies by 75.3% in the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock worth $2,531,000 after buying an additional 4,724 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

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.