Insider Selling: Travelers Companies SVP Unloads $252,750 in Stock (TRV)
Travelers Companies (NYSE:TRV) SVP Douglas K. Russell unloaded 2,678 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $94.38, for a total value of $252,749.64. Following the sale, the senior vice president now directly owns 19,954 shares in the company, valued at approximately $1,883,259. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Travelers Companies (NYSE:TRV) traded down 0.10% on Tuesday, hitting $94.20. The stock had a trading volume of 1,041,806 shares. Travelers Companies has a one year low of $79.12 and a one year high of $96.18. The stock’s 50-day moving average is $92.60 and its 200-day moving average is $89.6. The company has a market cap of $31.938 billion and a price-to-earnings ratio of 9.52.
Travelers Companies (NYSE:TRV) last released its 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. Shareholders 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 2.34%. The ex-dividend date of this dividend is Monday, September 8th.
TRV has been the subject of a number of recent research reports. 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 analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average 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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