Key Points
- EVP Maria Olivo sold 8,920 shares on Nov. 26 at an average price of $295.73, generating about $2.64 million and reducing her stake by 7.05% to 117,596 shares (valued ~ $34.78 million).
- Travelers beat Q3 estimates, reporting $8.14 EPS versus a $6.01 consensus and $12.47 billion in revenue versus $11.15 billion, with a net margin of 12.14% and ROE of 20.28%.
- The company announced a quarterly dividend of $1.10 (annualized $4.40, yield ~1.5%; ex-dividend Dec. 10), while analysts hold a consensus "Hold" with a $292.73 price target and the stock trading near its 52-week high (~$296.85).
The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Maria Olivo sold 8,920 shares of the firm's stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the completion of the transaction, the executive vice president owned 117,596 shares in the company, valued at $34,776,665.08. This represents a 7.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Travelers Companies Stock Down 0.9%
Shares of NYSE TRV opened at $290.20 on Tuesday. The firm's fifty day moving average is $278.47 and its 200 day moving average is $271.46. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $296.85. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a market cap of $64.73 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 2.38 and a beta of 0.55.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $12.47 billion during the quarter, compared to analysts' expectations of $11.15 billion. During the same quarter in the prior year, the company posted $5.24 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.
Travelers Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies's dividend payout ratio (DPR) is presently 17.30%.
Analyst Ratings Changes
TRV has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on Travelers Companies from $285.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday, November 17th. The Goldman Sachs Group reissued a "buy" rating on shares of Travelers Companies in a research note on Friday, October 17th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Travelers Companies in a research note on Friday, October 17th. Citigroup assumed coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an "underweight" rating in a research report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $292.73.
View Our Latest Research Report on Travelers Companies
Institutional Investors Weigh In On Travelers Companies
A number of hedge funds and other institutional investors have recently bought and sold shares of TRV. Greykasell Wealth Strategies Inc. bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $26,000. Osterweis Capital Management Inc. raised its stake in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after buying an additional 91 shares during the last quarter. Missouri Trust & Investment Co boosted its holdings in Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in shares of Travelers Companies in the second quarter worth $27,000. Finally, Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Travelers Companies by 134.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.
Travelers Companies Company Profile
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Get Free Report)
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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