Travelers Companies CFO Sells $522,500 in Stock (TRV)
Travelers Companies (NYSE:TRV) CFO Jay S. Benet sold 5,500 shares of the company’s stock on the open market in a transaction dated Thursday, June 5th. The stock was sold at an average price of $95.00, for a total value of $522,500.00. Following the sale, the chief financial officer now directly owns 40,418 shares in the company, valued at approximately $3,839,710. The sale was disclosed in a document filed 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 given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $95.14.
Travelers Companies (NYSE:TRV) traded down 0.06% on Friday, hitting $94.36. 2,157,534 shares of the company’s stock traded hands. Travelers Companies has a 52 week low of $77.38 and a 52 week high of $95.00. The stock’s 50-day moving average is $91.47 and its 200-day moving average is $87.06. The company has a market cap of $32.787 billion and a price-to-earnings ratio of 9.13. Travelers Companies also saw unusually large options trading activity on Thursday. Traders purchased 20,467 call options on the company. This is an increase of approximately 847% compared to the average volume of 2,162 call options.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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. Investors 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 2.33%. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from Travelers Companies’s previous quarterly dividend of $0.50.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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