Travelers Companies Inc (NYSE:TRV) Director Todd C. Schermerhorn bought 1,120 shares of Travelers Companies stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of $134.21 per share, with a total value of $150,315.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Todd C. Schermerhorn also recently made the following trade(s):
- On Friday, January 26th, Todd C. Schermerhorn sold 1,120 shares of Travelers Companies stock. The stock was sold at an average price of $149.08, for a total transaction of $166,969.60.
Travelers Companies Inc (NYSE TRV) opened at $136.51 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.41 and a debt-to-equity ratio of 0.28. Travelers Companies Inc has a 1 year low of $113.76 and a 1 year high of $150.55. The firm has a market cap of $37,203.51, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26.
Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.28). Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The company had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the company posted $3.20 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. equities analysts anticipate that Travelers Companies Inc will post 10.59 EPS for the current fiscal year.
The firm 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 $0.72 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.11%. Travelers Companies’s dividend payout ratio is presently 39.40%.
Travelers Companies announced that its board has approved a stock repurchase plan on Thursday, November 9th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Several research firms recently issued reports on TRV. Atlantic Securities raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price target for the company in a report on Friday, January 26th. Credit Suisse Group increased their price target on shares of Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Wells Fargo & Co reissued a “market perform” rating and set a $142.00 price target on shares of Travelers Companies in a report on Tuesday, January 23rd. Bank of America raised shares of Travelers Companies from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a report on Friday, January 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Travelers Companies currently has an average rating of “Hold” and a consensus price target of $135.07.
Hedge funds have recently added to or reduced their stakes in the company. Carnick & Kubik Group LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $758,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $78,058,000. Point72 Asset Management L.P. acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $8,254,000. Abner Herrman & Brock LLC grew its position in shares of Travelers Companies by 6.5% in the fourth quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock valued at $8,529,000 after purchasing an additional 3,853 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Travelers Companies by 4.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 58,457 shares of the insurance provider’s stock valued at $7,162,000 after purchasing an additional 2,567 shares during the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
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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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