Travelers Companies Chairman Unloads $2,689,220 in Stock (TRV)
Travelers Companies (NYSE:TRV) Chairman Doreen Spadorcia sold 29,500 shares of Travelers Companies stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $2,689,220.00. Following the sale, the chairman now directly owns 13,621 shares in the company, valued at approximately $1,241,690. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Travelers Companies (NYSE:TRV) opened at 92.13 on Monday. Travelers Companies has a 52 week low of $79.12 and a 52 week high of $96.18. The stock’s 50-day moving average is $92.72 and its 200-day moving average is $89.0. The company has a market cap of $31.236 billion and a price-to-earnings ratio of 9.31.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.93 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $2.13 earnings per share. Travelers Companies’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that Travelers Companies will post $9.25 earnings per share 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 2.39%. The ex-dividend date is Monday, September 8th.
A number of analysts have recently weighed in on TRV shares. 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 five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $97.89.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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