Insider Selling: Travelers Companies Chairman Sells 3,000 Shares of Stock (TRV)
Travelers Companies (NYSE:TRV) Chairman William H. Heyman unloaded 3,000 shares of Travelers Companies stock on the open market in a transaction dated Thursday, August 21st. The shares were sold at an average price of $94.00, for a total value of $282,000.00. Following the completion of the transaction, the chairman now directly owns 205,169 shares of the company’s stock, valued at approximately $19,285,886. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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 research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $97.89.
Shares of Travelers Companies (NYSE:TRV) traded up 0.77% during mid-day trading on Monday, hitting $94.47. The stock had a trading volume of 538,973 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 $92.55 and a 200-day moving average of $89.41. The company has a market cap of $32.029 billion and a price-to-earnings ratio of 9.46.
Travelers Companies (NYSE:TRV) last announced its earnings results 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. Analysts expect that Travelers Companies will post $9.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, September 8th.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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