Travelers Companies Target of Unusually Large Options Trading (TRV)

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Travelers Companies Inc (NYSE:TRV) saw some unusual options trading on Tuesday. Traders purchased 770 put options on the company. This is an increase of approximately 875% compared to the average volume of 79 put options.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 8,323 shares of the stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $125.54, for a total value of $1,044,869.42. Following the sale, the insider now owns 239,744 shares of the company’s stock, valued at approximately $30,097,461.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,500 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $133.55, for a total value of $467,425.00. Following the completion of the sale, the insider now directly owns 243,245 shares in the company, valued at approximately $32,485,369.75. The disclosure for this sale can be found here. Insiders sold a total of 118,894 shares of company stock worth $15,566,097 in the last ninety days. 0.80% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Sontag Advisory LLC purchased a new position in Travelers Companies during the 4th quarter worth approximately $27,000. Global Retirement Partners LLC grew its stake in Travelers Companies by 120.5% during the 4th quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock worth $30,000 after buying an additional 135 shares during the last quarter. Clarfeld Financial Advisors LLC purchased a new position in Travelers Companies during the 4th quarter worth approximately $31,000. Transamerica Financial Advisors Inc. grew its stake in Travelers Companies by 401.5% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 331 shares of the insurance provider’s stock worth $40,000 after buying an additional 265 shares during the last quarter. Finally, First Command Bank grew its stake in Travelers Companies by 108.5% during the 4th quarter. First Command Bank now owns 467 shares of the insurance provider’s stock worth $56,000 after buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

TRV opened at $131.33 on Thursday. Travelers Companies has a one year low of $111.08 and a one year high of $142.64. The stock has a market capitalization of $35.01 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.95 and a beta of 1.07. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.15. The business had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.92 billion. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 EPS. On average, research analysts expect that Travelers Companies will post 11.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 11th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, March 8th. This represents a $3.08 dividend on an annualized basis and a yield of 2.35%. Travelers Companies’s dividend payout ratio is presently 34.45%.

A number of research analysts have recently commented on the company. Compass Point assumed coverage on Travelers Companies in a report on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price objective on the stock. Barclays upgraded Travelers Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $135.00 to $145.00 in a report on Wednesday, January 9th. Zacks Investment Research reiterated a “sell” rating on shares of Travelers Companies in a report on Monday, December 31st. Credit Suisse Group reiterated a “hold” rating and issued a $141.00 price objective on shares of Travelers Companies in a report on Thursday, December 20th. Finally, Wells Fargo & Co set a $130.00 price objective on Travelers Companies and gave the company a “hold” rating in a report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $138.33.

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About 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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