Insider Selling: Travelers Companies COO Sells 36,000 Shares of Stock (TRV)
Travelers Companies (NYSE:TRV) COO Brian W. Maclean unloaded 36,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $94.80, for a total transaction of $3,412,800.00. Following the sale, the chief operating officer now directly owns 103,449 shares of the company’s stock, valued at approximately $9,806,965. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Travelers Companies (NYSE:TRV) traded down 0.05% on Wednesday, hitting $94.47. The stock had a trading volume of 1,575,724 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 $92.48 and a 200-day moving average of $90.16. The company has a market cap of $32.029 billion and a P/E ratio of 9.54.
Travelers Companies (NYSE:TRV) last announced its earnings results on Tuesday, July 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $2.13 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. 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. 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 2.33%. The ex-dividend date is Monday, September 8th.
TRV has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Travelers Companies from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 28th. 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 analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $98.00.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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