Travelers Companies CFO Sells $3,834,621 in Stock (TRV)
Travelers Companies (NYSE:TRV) CFO Jay S. Benet sold 40,424 shares of Travelers Companies stock on the open market in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $94.86, for a total value of $3,834,620.64. Following the sale, the chief financial officer now directly owns 40,418 shares in the company, valued at approximately $3,834,051. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on TRV shares. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Travelers Companies in a research note on Monday. They now have a $78.00 price target on the stock, up previously from $77.00. Separately, analysts at RBC Capital raised their price target on shares of Travelers Companies from $99.00 to $102.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $95.43.
Shares of Travelers Companies (NYSE:TRV) traded up 0.46% during mid-day trading on Tuesday, hitting $95.10. The stock had a trading volume of 1,730,439 shares. Travelers Companies has a 52-week low of $77.38 and a 52-week high of $95.05. The stock has a 50-day moving average of $91.78 and a 200-day moving average of $87.14. The company has a market cap of $33.044 billion and a price-to-earnings ratio of 9.15.
Travelers Companies (NYSE:TRV) last issued its quarterly 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 $9.27 EPS for the current fiscal year.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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