Insider Selling: Travelers Companies Chairman Sells 3,000 Shares of Stock (TRV)
Travelers Companies (NYSE:TRV) Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock on the open market in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $93.15, for a total transaction of $279,450.00. Following the completion of the transaction, the chairman now directly owns 205,169 shares of the company’s stock, valued at approximately $19,111,492. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Travelers Companies (NYSE:TRV) traded up 0.16% during mid-day trading on Thursday, hitting $93.01. 1,364,329 shares of the company’s stock traded hands. Travelers Companies has a 52-week low of $77.38 and a 52-week high of $93.34. The stock has a 50-day moving average of $89.02 and a 200-day moving average of $86.65. The company has a market cap of $32.318 billion and a price-to-earnings ratio of 8.97.
Travelers Companies (NYSE:TRV) last released its earnings data on Tuesday, April 22nd. The company reported $2.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.16 by $0.79. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the company posted $2.33 earnings per share. Travelers Companies’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that Travelers Companies will post $9.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, June 6th. This is an increase from Travelers Companies’s previous quarterly dividend of $0.50.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated an “outperform” rating on shares of Travelers Companies in a research note on Tuesday, May 13th. They now have a $99.00 price target on the stock, up previously from $94.00. Separately, analysts at Guggenheim upgraded shares of Travelers Companies from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $117.00 price target on the stock, up previously from $98.00. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Travelers Companies in a research note on Friday, May 9th. They now have a $109.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Travelers Companies currently has an average rating of “Hold” and a consensus price target of $95.14.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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