The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Mojgan Lefebvre sold 11,000 shares of Travelers Companies stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total transaction of $4,332,240.00. Following the completion of the sale, the executive vice president directly owned 11,000 shares in the company, valued at $4,332,240. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Travelers Companies Price Performance
Shares of NYSE TRV opened at $393.54 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a fifty day moving average of $373.17 and a 200 day moving average of $328.37. The firm has a market cap of $80.66 billion, a PE ratio of 10.32, a PEG ratio of 2.78 and a beta of 0.43. The Travelers Companies, Inc. has a one year low of $264.25 and a one year high of $407.86.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.39 by $1.79. The business had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company's revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $8.14 earnings per share. As a group, research analysts predict that The Travelers Companies, Inc. will post 36.08 EPS for the current fiscal year.
Travelers Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies's dividend payout ratio (DPR) is currently 13.11%.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $352.00 to $379.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 20th. Barclays increased their target price on Travelers Companies from $295.00 to $318.00 and gave the company an "underweight" rating in a report on Tuesday, July 21st. Zacks Research downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. HSBC lifted their price target on Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a research note on Monday, July 6th. Finally, Weiss Ratings upgraded Travelers Companies from a "buy (a)" rating to a "buy (a+)" rating in a research report on Friday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $366.37.
Check Out Our Latest Research Report on TRV
Hedge Funds Weigh In On Travelers Companies
Hedge funds and other institutional investors have recently modified their holdings of the business. Aprio Wealth Management LLC boosted its holdings in Travelers Companies by 14.6% in the 3rd quarter. Aprio Wealth Management LLC now owns 2,833 shares of the insurance provider's stock valued at $1,010,000 after purchasing an additional 360 shares during the last quarter. Avestar Capital LLC grew its stake in shares of Travelers Companies by 7.8% in the 3rd quarter. Avestar Capital LLC now owns 1,696 shares of the insurance provider's stock valued at $605,000 after buying an additional 123 shares during the period. Modera Wealth Management LLC increased its holdings in shares of Travelers Companies by 4.4% during the 3rd quarter. Modera Wealth Management LLC now owns 2,419 shares of the insurance provider's stock worth $862,000 after buying an additional 103 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Travelers Companies by 1,005.7% during the 3rd quarter. International Assets Investment Management LLC now owns 25,000 shares of the insurance provider's stock worth $8,913,000 after buying an additional 22,739 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its holdings in shares of Travelers Companies by 76.5% during the 3rd quarter. CHICAGO TRUST Co NA now owns 5,368 shares of the insurance provider's stock worth $1,914,000 after buying an additional 2,327 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.
Travelers Companies Company Profile
(
Get Free Report)
Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers' compensation, automobile accidents, cybersecurity risks and other exposures.
Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.
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