Travelers Companies Inc (NYSE:TRV) EVP Thomas M. Kunkel sold 9,595 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $150.09, for a total value of $1,440,113.55. Following the completion of the sale, the executive vice president now owns 28,956 shares of the company’s stock, valued at approximately $4,346,006.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Travelers Companies Inc (NYSE TRV) traded down $0.46 during trading on Monday, hitting $148.96. The stock had a trading volume of 1,860,547 shares, compared to its average volume of 1,969,334. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.39 and a quick ratio of 0.41. The firm has a market cap of $40,770.00, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.00 and a beta of 1.25. Travelers Companies Inc has a fifty-two week low of $113.76 and a fifty-two week high of $150.19.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). The company had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.20 earnings per share. research analysts forecast that Travelers Companies Inc will post 10.56 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s payout ratio is 33.33%.
A number of institutional investors and hedge funds have recently bought and sold shares of TRV. Thrivent Financial For Lutherans increased its position in Travelers Companies by 3.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,792 shares of the insurance provider’s stock valued at $1,366,000 after acquiring an additional 394 shares during the period. BRYN MAWR TRUST Co increased its position in Travelers Companies by 49.5% in the 2nd quarter. BRYN MAWR TRUST Co now owns 4,589 shares of the insurance provider’s stock valued at $581,000 after acquiring an additional 1,519 shares during the period. Quantitative Investment Management LLC increased its position in Travelers Companies by 326.8% in the 2nd quarter. Quantitative Investment Management LLC now owns 380,300 shares of the insurance provider’s stock valued at $48,119,000 after acquiring an additional 291,200 shares during the period. GSA Capital Partners LLP increased its position in Travelers Companies by 7.3% in the 2nd quarter. GSA Capital Partners LLP now owns 3,351 shares of the insurance provider’s stock valued at $424,000 after acquiring an additional 229 shares during the period. Finally, D.A. Davidson & CO. increased its position in Travelers Companies by 2.5% in the 2nd quarter. D.A. Davidson & CO. now owns 14,497 shares of the insurance provider’s stock valued at $1,834,000 after acquiring an additional 348 shares during the period. Hedge funds and other institutional investors own 78.66% of the company’s stock.
A number of research analysts have commented on the company. Wells Fargo & Co reaffirmed a “hold” rating and set a $133.00 target price on shares of Travelers Companies in a report on Tuesday, January 23rd. Credit Suisse Group increased their target price on Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Atlantic Securities raised Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 target price on the stock in a report on Friday. Citigroup reduced their target price on Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Finally, Royal Bank of Canada increased their target price on Travelers Companies to $140.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $134.54.
Travelers Companies Company Profile
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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