Travelers chairman and CEO Alan Schnitzer sells $35.3M in shares

Alan D. Schnitzer, Chairman and Chief Executive Officer of The Travelers Companies, Inc. (NASDAQ:TRV), sold 88,900 shares of the company’s common stock for a total value of approximately $35.3 million on October 21, 2026. The shares were sold at prices ranging from $394.12 to $398.205. The timing of the sale comes as Travelers stock trades near its 52-week high of $407.87, following a strong 50% return over the past year. According to InvestingPro analysis, the stock remains slightly undervalued at current levels. The company maintains a "GREAT" financial health score of 3.59, and investors can access 14 additional ProTips plus comprehensive Pro Research Reports covering TRV and 1,400+ other US equities.

The transactions, detailed in a recent SEC filing, also included Mr. Schnitzer’s acquisition of 298,368 shares of Travelers common stock through the exercise of stock options. These shares were acquired at an exercise price of $132.58 per share, totaling approximately $39.6 million. Concurrently, 209,468 shares were disposed of to cover tax withholding obligations related to the option exercise. These shares were valued at $397.62 per share, amounting to approximately $83.3 million.

Following these reported transactions, Mr. Schnitzer directly holds 303,124.499 shares of Travelers common stock. An additional 11,091 shares are held indirectly by his spouse, though Mr. Schnitzer disclaims beneficial ownership of these securities.

In other recent news, Travelers Companies Inc. has seen several analysts adjust their outlooks and targets based on the company’s recent performance and future projections. Truist Securities raised its price target for Travelers to $435, citing a strong third-quarter performance and an increase in the full-year 2026 earnings per share estimate to $36.50. BMO Capital also adjusted its price target to $388, with earnings estimates for the fourth quarter of 2026 through 2027 remaining 8% above consensus. Meanwhile, Keefe, Bruyette & Woods increased its price target to $382, reflecting improved earnings per share estimates for 2026, 2027, and 2028. Mizuho raised its price target to $371, projecting core income of approximately $8 billion and an operating return on equity of 22% for 2026. Evercore ISI adjusted its target to $372, reflecting higher net investment income and increased buyback activity, though noting some offset by higher expenses and weaker growth in personal auto. These developments highlight the varied expectations among analysts regarding Travelers’ financial performance in the coming years.