Travelers Companies Inc (NYSE:TRV) Vice Chairman William H. Heyman sold 12,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $145.50, for a total value of $1,818,750.00. Following the transaction, the insider now directly owns 244,745 shares of the company’s stock, valued at approximately $35,610,397.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of TRV stock traded up $0.51 during mid-day trading on Friday, hitting $147.92. 59,769 shares of the company’s stock were exchanged, compared to its average volume of 1,187,649. Travelers Companies Inc has a fifty-two week low of $111.08 and a fifty-two week high of $148.27. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $38.61 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.07. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.94 billion. During the same quarter last year, the firm earned $2.46 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. As a group, analysts anticipate that Travelers Companies Inc will post 11.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.82 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.28 annualized dividend and a dividend yield of 2.22%. Travelers Companies’s dividend payout ratio (DPR) is 34.45%.
Several hedge funds have recently bought and sold shares of TRV. Sontag Advisory LLC acquired a new position in Travelers Companies in the fourth quarter valued at $27,000. Interactive Financial Advisors acquired a new position in Travelers Companies in the first quarter valued at $27,000. Buffington Mohr McNeal acquired a new position in Travelers Companies in the first quarter valued at $28,000. Oregon Public Employees Retirement Fund boosted its holdings in Travelers Companies by 11,730.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 3,495,996 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Travelers Companies by 120.5% in the fourth quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.
Several equities analysts have weighed in on the company. Barclays raised their price target on Travelers Companies from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Zacks Investment Research downgraded Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. UBS Group raised their price target on Travelers Companies from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Royal Bank of Canada reissued a “neutral” rating and set a $145.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. Finally, Morgan Stanley raised their price target on Travelers Companies from $119.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $140.58.
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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.
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