Travelers Companies Inc (NYSE:TRV) Vice Chairman William H. Heyman sold 2,500 shares of Travelers Companies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.75, for a total value of $356,875.00. Following the sale, the insider now owns 250,567 shares in the company, valued at $35,768,439.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Travelers Companies Inc (NYSE TRV) traded down $1.04 during trading hours on Tuesday, reaching $141.54. The company’s stock had a trading volume of 1,865,681 shares, compared to its average volume of 2,300,000. The stock has a market capitalization of $38,740.00, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.87 and a beta of 1.26. Travelers Companies Inc has a 1-year low of $113.76 and a 1-year high of $150.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28). The company had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.20 EPS. sell-side analysts predict that Travelers Companies Inc will post 10.59 EPS for the current fiscal year.
Travelers Companies declared that its Board of Directors has initiated a share buyback plan on Thursday, November 9th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of Travelers Companies by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,935,859 shares of the insurance provider’s stock worth $359,710,000 after purchasing an additional 46,276 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Travelers Companies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,792,540 shares of the insurance provider’s stock worth $377,953,000 after purchasing an additional 32,430 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Travelers Companies by 2.8% in the third quarter. Legal & General Group Plc now owns 1,656,665 shares of the insurance provider’s stock worth $202,985,000 after purchasing an additional 44,566 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Travelers Companies by 2.4% in the third quarter. Parametric Portfolio Associates LLC now owns 1,561,234 shares of the insurance provider’s stock worth $191,282,000 after purchasing an additional 36,402 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Travelers Companies by 57.2% in the fourth quarter. Deutsche Bank AG now owns 1,491,661 shares of the insurance provider’s stock worth $202,322,000 after purchasing an additional 542,744 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.
TRV has been the topic of several research reports. Bank of America upgraded Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research report on Friday, January 5th. Royal Bank of Canada restated a “buy” rating and set a $148.00 price target on shares of Travelers Companies in a research report on Friday, December 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $152.00 price target on shares of Travelers Companies in a research report on Wednesday, December 6th. Finally, Wells Fargo & Co set a $125.00 price target on Travelers Companies and gave the company a “hold” rating in a research report on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $137.20.
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About 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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