Travelers Companies COO Unloads $3,224,880 in Stock (TRV)
Travelers Companies (NYSE:TRV) COO Brian W. Maclean sold 36,000 shares of Travelers Companies stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $89.58, for a total transaction of $3,224,880.00. Following the sale, the chief operating officer now directly owns 110,549 shares in the company, valued at approximately $9,902,979. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Travelers Companies (NYSE:TRV) traded up 0.32% on Monday, hitting $89.90. The stock had a trading volume of 2,167,842 shares. Travelers Companies has a 52-week low of $79.12 and a 52-week high of $96.18. The stock has a 50-day moving average of $93.98 and a 200-day moving average of $88.63. The company has a market cap of $30.480 billion and a price-to-earnings ratio of 9.05.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.93 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.07 by $0.14. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. The company’s quarterly revenue was up 5.8% 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 Tuesday, September 30th. Investors of record on Wednesday, September 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 2.45%. The ex-dividend date of this dividend is Monday, September 8th.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday, July 28th. Separately, analysts at FBR Capital Markets raised their price target on shares of Travelers Companies from $99.00 to $107.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. They now have a $98.00 price target on the stock, up previously from $96.00. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Travelers Companies has a consensus rating of “Hold” and an average target price of $99.00.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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