Travelers Companies Chairman William H. Heyman Sells 6,000 Shares (TRV)
Travelers Companies (NYSE:TRV) Chairman William H. Heyman unloaded 6,000 shares of Travelers Companies stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $94.38, for a total transaction of $566,280.00. Following the transaction, the chairman now directly owns 205,169 shares of the company’s stock, valued at approximately $19,363,850. 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 up 0.49% on Wednesday, hitting $94.66. 606,661 shares of the company’s stock traded hands. 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 $92.64 and its 200-day moving average is $89.68. The company has a market cap of $32.094 billion and a P/E ratio of 9.51.
Travelers Companies (NYSE:TRV) last released its earnings data 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 $9.25 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 2.34%. The ex-dividend date of this dividend 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 analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $97.89.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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