Insider Selling: Jay S. Benet Sells 15,000 Shares of Travelers Cos. Stock (TRV)
Travelers Cos. (NYSE:TRV) CFO Jay S. Benet sold 15,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $87.68, for a total transaction of $1,315,200.00. Following the completion of the sale, the chief financial officer now directly owns 26,105 shares in the company, valued at approximately $2,288,886. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on TRV. Analysts at Goldman Sachs Group Inc. downgraded shares of Travelers Cos. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Travelers Cos. in a research note to investors on Wednesday, November 27th. They now have a $109.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Travelers Cos. from $72.00 to $73.00 in a research note to investors on Tuesday, October 29th. They now have a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Travelers Cos. currently has an average rating of “Buy” and a consensus target price of $92.67.
Travelers Cos. (NYSE:TRV) traded up 1.34% on Tuesday, hitting $87.50. The stock had a trading volume of 1,606,488 shares. Travelers Cos. has a 52 week low of $74.51 and a 52 week high of $91.68. The stock has a 50-day moving average of $88.72 and a 200-day moving average of $85.17. The company has a market cap of $31.856 billion and a price-to-earnings ratio of 11.05.
Travelers Cos. (NYSE:TRV) last released its earnings data on Tuesday, October 22nd. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.69. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the previous year, the company posted $2.22 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that Travelers Cos. will post $8.95 EPS for the current fiscal year.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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