Key Points
- Travelers EVP Maria Olivo sold 15,000 shares for $6.105 million at an average price of $407; she retained 88,642 shares after reducing her position by 14.47%.
- Travelers reported quarterly EPS of $9.18, beating the $7.39 consensus, and revenue of $12.41 billion versus estimates of $11.36 billion, though revenue dipped 0.5% year over year.
- The company announced a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.3% yield; analyst consensus remained “Hold,” with a $370.83 price target.
The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) EVP Maria Olivo sold 15,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the sale, the executive vice president owned 88,642 shares in the company, valued at approximately $36,077,294. The trade was a 14.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Maria Olivo also recently made the following trade(s):
- On Wednesday, October 21st, Maria Olivo sold 15,100 shares of Travelers Companies stock. The shares were sold at an average price of $398.44, for a total transaction of $6,016,444.00.
- On Friday, August 28th, Maria Olivo sold 6,000 shares of Travelers Companies stock. The shares were sold at an average price of $369.86, for a total transaction of $2,219,160.00.
Travelers Companies Stock Down 1.9%
NYSE:TRV opened at $395.08 on Friday. The Travelers Companies, Inc. has a 52 week low of $268.00 and a 52 week high of $418.00. The firm has a market capitalization of $80.97 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 2.76 and a beta of 0.40. The stock has a 50 day moving average of $377.66 and a 200-day moving average of $332.77. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34.
Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results 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. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. During the same quarter in the prior year, the firm posted $8.14 earnings per share. The firm's revenue for the quarter was down .5% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 36.27 EPS for the current year.
Travelers Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies's payout ratio is 13.11%.
Hedge Funds Weigh In On Travelers Companies
A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Travelers Companies in the second quarter worth about $6,915,909,000. Dimensional Fund Advisors LP boosted its holdings in shares of Travelers Companies by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider's stock valued at $1,016,433,000 after buying an additional 123,564 shares in the last quarter. Bank of America Corp DE purchased a new position in Travelers Companies in the 2nd quarter valued at $932,142,000. GQG Partners LLC acquired a new stake in Travelers Companies in the second quarter valued at approximately $789,024,000. Finally, First Trust Advisors LP lifted its holdings in shares of Travelers Companies by 7.2% in the 1st quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider's stock valued at $497,431,000 after buying an additional 115,276 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Travelers Companies from $425.00 to $435.00 and gave the company a "buy" rating in a report on Monday, October 19th. Barclays boosted their target price on Travelers Companies from $295.00 to $318.00 and gave the company an "underweight" rating in a research report on Tuesday, July 21st. BMO Capital Markets lifted their target price on shares of Travelers Companies from $379.00 to $388.00 and gave the company a "market perform" rating in a research note on Tuesday, October 20th. Raymond James Financial upped their price target on shares of Travelers Companies from $430.00 to $450.00 in a report on Monday, October 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $372.00 to $382.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $370.83.
Check Out Our Latest Report on TRV
About Travelers Companies
(
Get Free Report)
The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers' compensation and commercial auto insurance.
The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.
Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.
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