The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman Jay S. Benet sold 5,518 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $129.35, for a total transaction of $713,753.30. Following the sale, the insider now directly owns 82,824 shares in the company, valued at approximately $10,713,284.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of The Travelers Companies, Inc. (NYSE TRV) opened at 127.89 on Friday. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $130.37. The company has a 50 day moving average of $127.31 and a 200-day moving average of $123.52. The firm has a market cap of $35.29 billion, a price-to-earnings ratio of 12.74 and a beta of 1.20.
The Travelers Companies (NYSE:TRV) last posted 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 business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 EPS. Analysts predict that The Travelers Companies, Inc. will post $8.90 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.72 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.25%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.
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Several equities analysts have recently weighed in on the stock. Citigroup Inc. upped their price objective on shares of The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 13th. BidaskClub lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $120.62 to $129.44 in a report on Monday, June 19th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. Finally, Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective on the stock in a report on Tuesday, June 27th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $124.01.
A number of hedge funds and other institutional investors have recently modified their holdings of TRV. Fulton Bank N.A. purchased a new position in shares of The Travelers Companies during the first quarter valued at about $201,000. Dynamic Advisors Solutions LLC purchased a new position in shares of The Travelers Companies during the first quarter valued at about $348,000. Stillwater Investment Management LLC boosted its position in shares of The Travelers Companies by 5.8% in the first quarter. Stillwater Investment Management LLC now owns 1,853 shares of the insurance provider’s stock valued at $223,000 after buying an additional 101 shares during the period. Regentatlantic Capital LLC boosted its position in shares of The Travelers Companies by 0.9% in the first quarter. Regentatlantic Capital LLC now owns 87,584 shares of the insurance provider’s stock valued at $10,557,000 after buying an additional 814 shares during the period. Finally, Orrstown Financial Services Inc. boosted its position in shares of The Travelers Companies by 1.9% in the first quarter. Orrstown Financial Services Inc. now owns 11,901 shares of the insurance provider’s stock valued at $1,434,000 after buying an additional 227 shares during the period. 78.24% of the stock is owned by institutional investors and hedge funds.
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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