Travelers Companies Target of Unusually High Options Trading (TRV)
Travelers Companies Inc (NYSE:TRV) saw unusually large options trading activity on Thursday. Investors purchased 7,099 call options on the stock. This is an increase of approximately 1,361% compared to the typical daily volume of 486 call options.
In other news, EVP Andy F. Bessette sold 2,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the transaction, the executive vice president now owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of Travelers Companies stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the completion of the transaction, the executive vice president now directly owns 21,619 shares in the company, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. Insiders sold a total of 55,302 shares of company stock worth $7,347,753 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.
Several hedge funds have recently bought and sold shares of TRV. Fieldpoint Private Securities LLC acquired a new stake in shares of Travelers Companies during the third quarter worth approximately $106,000. Valeo Financial Advisors LLC acquired a new stake in shares of Travelers Companies during the third quarter worth approximately $108,000. Tradewinds Capital Management LLC raised its position in Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after acquiring an additional 10 shares in the last quarter. Intellectus Partners LLC raised its position in Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 41 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 78.52% of the company’s stock.
Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the consensus estimate of $2.10 by ($1.19). Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.40 earnings per share. sell-side analysts predict that Travelers Companies will post 6.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, December 8th. Travelers Companies’s dividend payout ratio is currently 33.45%.
Travelers Companies announced that its board has approved a stock repurchase program on Monday, September 11th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.
Several brokerages have recently issued reports on TRV. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $148.00 price objective on shares of Travelers Companies in a research note on Friday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $152.00 price objective on shares of Travelers Companies in a research note on Wednesday. Goldman Sachs Group began coverage on shares of Travelers Companies in a research note on Monday, December 4th. They issued a “sell” rating and a $124.00 price objective on the stock. Wells Fargo & Company set a $125.00 price objective on shares of Travelers Companies and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Finally, B. Riley reiterated a “neutral” rating on shares of Travelers Companies in a report on Monday, November 6th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $132.18.
About Travelers Companies
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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