Travelers Companies (NYSE:TRV) Stock Unloaded Sen. Tommy Tuberville

Senator Tommy Tuberville (R-Alabama) recently sold shares of The Travelers Companies, Inc. NYSE: TRV. In a filing disclosed on November 15th, the Senator disclosed that they had sold between $15,001 and $50,000 in Travelers Companies stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Kimberly-Clark NYSE: KMB on 10/29/2024.
• Sold $1,001 - $15,000 in shares of Corteva NYSE: CTVA on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Honeywell International NASDAQ: HON on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Owens Corning NYSE: OC on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 10/29/2024.
• Sold $15,001 - $50,000 in shares of McDonald's NYSE: MCD on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/26/2024.

Travelers Companies Trading Up 1.7 %

TRV stock traded up $4.30 during midday trading on Friday, hitting $260.82. The stock had a trading volume of 1,305,442 shares, compared to its average volume of 1,304,455. The Travelers Companies, Inc. has a 12-month low of $169.18 and a 12-month high of $269.55. The company's 50-day moving average price is $244.44 and its 200 day moving average price is $224.32. 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 firm has a market cap of $59.21 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the company earned $1.95 EPS. The firm's quarterly revenue was up 11.9% on a year-over-year basis. On average, equities research analysts predict that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio is presently 21.54%.

Insider Activity

In other news, EVP Andy F. Bessette sold 4,520 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares of the company's stock, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $65,237,551.20. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock worth $16,580,166 over the last quarter. Corporate insiders own 1.33% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Quent Capital LLC increased its holdings in shares of Travelers Companies by 19.7% during the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider's stock valued at $316,000 after purchasing an additional 226 shares during the period. Entropy Technologies LP acquired a new stake in shares of Travelers Companies during the first quarter valued at approximately $665,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Travelers Companies in the 1st quarter valued at approximately $4,974,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Travelers Companies by 3.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 186,582 shares of the insurance provider's stock worth $42,882,000 after purchasing an additional 5,595 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider's stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRV has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Citigroup lifted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the company a "sell" rating in a research report on Tuesday, July 30th. UBS Group increased their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $247.90.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville's career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

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.