The Travelers Companies (NYSE:TRV) Vice Chairman Jay S. Benet sold 4,437 shares of The Travelers Companies stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $134.90, for a total value of $598,551.30. Following the sale, the insider now directly owns 89,737 shares of the company’s stock, valued at approximately $12,105,521.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of The Travelers Companies stock traded down $0.11 on Friday, hitting $139.18. The company’s stock had a trading volume of 195,388 shares, compared to its average volume of 1,907,753. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. The Travelers Companies has a 1 year low of $113.76 and a 1 year high of $150.55. The firm has a market cap of $37,628.07, a PE ratio of 19.07, a P/E/G ratio of 1.74 and a beta of 1.25.
The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). The Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the prior year, the firm earned $3.20 EPS. The Travelers Companies’s revenue for the quarter was up 3.6% on a year-over-year basis. sell-side analysts expect that The Travelers Companies will post 10.62 EPS for the current year.
Several institutional investors have recently made changes to their positions in TRV. Stelac Advisory Services LLC purchased a new position in shares of The Travelers Companies in the 4th quarter valued at about $101,000. Field & Main Bank purchased a new position in shares of The Travelers Companies in the 4th quarter valued at about $102,000. Fieldpoint Private Securities LLC purchased a new position in shares of The Travelers Companies in the 3rd quarter valued at about $106,000. Valeo Financial Advisors LLC purchased a new position in shares of The Travelers Companies in the 3rd quarter valued at about $108,000. Finally, CNB Bank purchased a new position in shares of The Travelers Companies in the 4th quarter valued at about $113,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.
A number of analysts have commented on TRV shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $148.00 price target on shares of The Travelers Companies in a research report on Friday, December 8th. Bank of America raised The Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Friday, January 5th. Citigroup boosted their price objective on The Travelers Companies from $156.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, March 27th. Finally, Wells Fargo set a $142.00 price objective on The Travelers Companies and gave the company a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $137.88.
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About The Travelers Companies
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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