Travelers Companies Inc (NYSE:TRV) EVP Andy F. Bessette sold 16,550 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $142.46, for a total transaction of $2,357,713.00. Following the completion of the transaction, the executive vice president now directly owns 9,609 shares in the company, valued at $1,368,898.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of TRV opened at $141.83 on Friday. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $144.22. The company has a market cap of $37.57 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.08. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29.
Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 18th. The insurance provider reported $2.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $0.07. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The company had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.94 billion. During the same period last year, the firm earned $2.46 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts predict that Travelers Companies Inc will post 11.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a dividend yield of 2.31%. Travelers Companies’s dividend payout ratio (DPR) is currently 34.45%.
TRV has been the topic of several research analyst reports. MKM Partners increased their price target on shares of Travelers Companies to $140.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Credit Suisse Group reissued a “neutral” rating on shares of Travelers Companies in a report on Wednesday, January 23rd. Compass Point initiated coverage on shares of Travelers Companies in a report on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price target on the stock. Wells Fargo & Co set a $130.00 price target on shares of Travelers Companies and gave the company a “hold” rating in a report on Wednesday, January 23rd. Finally, Royal Bank of Canada set a $145.00 price target on shares of Travelers Companies and gave the company a “neutral” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Travelers Companies has an average rating of “Hold” and an average target price of $140.58.
Several institutional investors and hedge funds have recently made changes to their positions in TRV. Oregon Public Employees Retirement Fund increased its holdings in shares of Travelers Companies by 11,730.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 3,495,996 shares during the period. BlackRock Inc. increased its holdings in shares of Travelers Companies by 7.3% during the first quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock worth $3,100,401,000 after purchasing an additional 1,528,327 shares during the period. Norges Bank bought a new position in shares of Travelers Companies during the fourth quarter worth approximately $143,417,000. Eidelman Virant Capital bought a new position in shares of Travelers Companies during the fourth quarter worth approximately $3,855,000. Finally, American Century Companies Inc. increased its holdings in shares of Travelers Companies by 253.6% during the fourth quarter. American Century Companies Inc. now owns 1,082,948 shares of the insurance provider’s stock worth $129,683,000 after purchasing an additional 776,679 shares during the period. 80.52% of the stock is currently owned by institutional investors.
Travelers Companies Company Profile
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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