Insider Selling: Kenneth M. Duberstein Sells 3,889 Shares of Travelers Companies Stock (TRV)
Travelers Companies (NYSE:TRV) Director Kenneth M. Duberstein sold 3,889 shares of Travelers Companies stock on the open market in a transaction dated Friday, May 23rd. The stock was sold at an average price of $93.07, for a total value of $361,949.23. Following the completion of the sale, the director now directly owns 40,021 shares of the company’s stock, valued at approximately $3,724,754. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
TRV has been the subject of a number of recent research reports. 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 issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $95.14.
Shares of Travelers Companies (NYSE:TRV) traded up 0.06% during mid-day trading on Wednesday, hitting $93.542. 1,182,500 shares of the company’s stock traded hands. Travelers Companies has a one year low of $77.38 and a one year high of $93.65. The stock has a 50-day moving average of $89.74 and a 200-day moving average of $86.73. The company has a market cap of $32.503 billion and a price-to-earnings ratio of 9.04.
Travelers Companies (NYSE:TRV) last released its earnings data on Tuesday, April 22nd. The company reported $2.95 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $2.33 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Travelers Companies will post $9.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.50.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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