Travelers Companies Inc (NYSE:TRV) Director Philip T. Ruegger III bought 1,600 shares of the company’s stock in a transaction on Monday, February 12th. The shares were bought at an average price of $136.44 per share, with a total value of $218,304.00. Following the completion of the transaction, the director now owns 28,277 shares of the company’s stock, valued at $3,858,113.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Travelers Companies Inc (NYSE:TRV) opened at $138.58 on Wednesday. The firm has a market cap of $37,950.00, a P/E ratio of 16.04, a PEG ratio of 1.83 and a beta of 1.26. The company has a quick ratio of 0.41, a current ratio of 0.39 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.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28). The business had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.20 earnings per share. research analysts predict that Travelers Companies Inc will post 10.59 earnings per share for the current year.
Travelers Companies announced that its board has approved a share buyback plan on Thursday, November 9th that permits the company to buyback shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.08%. Travelers Companies’s dividend payout ratio is currently 33.33%.
Large investors have recently bought and sold shares of the stock. Stelac Advisory Services LLC bought a new stake in Travelers Companies during the 4th quarter valued at $101,000. Field & Main Bank bought a new stake in Travelers Companies during the 4th quarter valued at $102,000. Fieldpoint Private Securities LLC bought a new stake in Travelers Companies during the 3rd quarter valued at $106,000. Valeo Financial Advisors LLC bought a new stake in Travelers Companies during the 3rd quarter valued at $108,000. Finally, Security National Trust Co. raised its holdings in Travelers Companies by 260.9% during the 3rd quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock valued at $128,000 after buying an additional 754 shares during the last quarter. Institutional investors own 78.59% of the company’s stock.
Several brokerages have issued reports on TRV. Credit Suisse Group lifted their target price on shares of Travelers Companies from $141.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Wells Fargo & Co reiterated a “market perform” rating and set a $142.00 target price on shares of Travelers Companies in a research report on Tuesday, January 23rd. Royal Bank of Canada lifted their target price on shares of Travelers Companies to $140.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Goldman Sachs Group began coverage on shares of Travelers Companies in a research report on Monday, December 4th. They set a “sell” rating and a $124.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $136.07.
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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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