The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Maria Olivo sold 6,000 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00. Following the sale, the executive vice president directly owned 118,742 shares of the company's stock, valued at approximately $43,917,916.12. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Travelers Companies Trading Down 1.0%
Shares of TRV stock opened at $366.31 on Tuesday. The company has a market capitalization of $76.40 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The business's 50 day moving average is $359.66 and its two-hundred day moving average is $321.44. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70.
Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to analysts' expectations of $11.26 billion. During the same quarter in the prior year, the business earned $6.51 earnings per share. The company's quarterly revenue was up .3% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.
Travelers Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies's dividend payout ratio (DPR) is 13.39%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on TRV. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Travelers Companies in a report on Tuesday, July 21st. Zacks Research upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Truist Financial increased their target price on Travelers Companies from $395.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Piper Sandler raised their price target on Travelers Companies to $340.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $354.26.
View Our Latest Stock Report on TRV
Institutional Investors Weigh In On Travelers Companies
Several institutional investors have recently modified their holdings of TRV. LifeSteps Financial Inc. purchased a new position in Travelers Companies in the 2nd quarter valued at approximately $26,000. Kilter Group LLC acquired a new stake in Travelers Companies in the second quarter valued at $26,000. HHM Wealth Advisors LLC grew its holdings in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies in the fourth quarter valued at $26,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies during the 1st quarter worth $26,000. Hedge funds and other institutional investors own 82.45% of the company's stock.
Travelers Companies Company Profile
(
Get Free Report)
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
