Travelers Companies Chairman William H. Heyman Unloads 3,000 Shares (TRV)
Travelers Companies (NYSE:TRV) Chairman William H. Heyman unloaded 3,000 shares of Travelers Companies stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $94.75, for a total transaction of $284,250.00. Following the transaction, the chairman now directly owns 205,169 shares in the company, valued at approximately $19,439,763. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on TRV shares. Analysts at Zacks downgraded shares of Travelers Companies from an “outperform” rating to a “neutral” rating in a research note on Thursday. They now have a $99.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $98.00.
Travelers Companies (NYSE:TRV) traded down 0.44% on Thursday, hitting $94.34. 1,221,378 shares of the company’s stock traded hands. Travelers Companies has a 1-year low of $79.12 and a 1-year high of $96.18. The stock has a 50-day moving average of $92.65 and a 200-day moving average of $89.78. The company has a market cap of $31.985 billion and a P/E ratio of 9.56.
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 announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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 2.33%. The ex-dividend date is Monday, September 8th.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.