Travelers Companies Inc (NYSE:TRV) Director Todd C. Schermerhorn sold 1,120 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $149.08, for a total value of $166,969.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Todd C. Schermerhorn also recently made the following trade(s):
- On Thursday, December 7th, Todd C. Schermerhorn purchased 1,120 shares of Travelers Companies stock. The shares were bought at an average cost of $134.21 per share, for a total transaction of $150,315.20.
Travelers Companies Inc (TRV) traded down $0.04 on Wednesday, reaching $138.54. The company had a trading volume of 338,013 shares, compared to its average volume of 2,163,361. The company has a market cap of $37,491.20, a P/E ratio of 19.00, a PEG ratio of 1.84 and a beta of 1.26. Travelers Companies Inc has a twelve month low of $113.76 and a twelve month high of $150.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.39 and a quick ratio of 0.41.
Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). The firm had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $6.47 billion. Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.20 earnings per share. sell-side analysts predict that Travelers Companies Inc will post 10.59 EPS for the current year.
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 paid a $0.72 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 2.08%. Travelers Companies’s dividend payout ratio (DPR) is presently 39.40%.
Travelers Companies announced that its board has initiated a stock buyback plan on Thursday, November 9th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
TRV has been the topic of several recent analyst reports. Bank of America raised Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Royal Bank of Canada boosted their target price on Travelers Companies to $140.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Citigroup boosted their target price on Travelers Companies from $143.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Wells Fargo & Co reissued a “market perform” rating and set a $142.00 target price on shares of Travelers Companies in a report on Tuesday, January 23rd. Finally, Goldman Sachs Group began coverage on Travelers Companies in a report on Monday, December 4th. They set a “sell” rating and a $124.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and an average target price of $136.07.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Carnick & Kubik Group LLC bought a new stake in Travelers Companies in the 3rd quarter valued at $758,000. Robeco Institutional Asset Management B.V. bought a new stake in Travelers Companies in the 3rd quarter valued at $78,058,000. Point72 Asset Management L.P. bought a new stake in Travelers Companies in the 3rd quarter valued at $8,254,000. Abner Herrman & Brock LLC lifted its position in shares of Travelers Companies by 6.5% during the 4th quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock valued at $8,529,000 after acquiring an additional 3,853 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Travelers Companies by 4.6% during the 3rd 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 acquiring an additional 2,567 shares during the period. 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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