The Travelers Companies (NYSE:TRV) CFO Jay S. Benet sold 4,437 shares of The Travelers Companies stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $141.03, for a total transaction of $625,750.11. Following the completion of the sale, the chief financial officer now owns 89,737 shares in the company, valued at $12,655,609.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NYSE:TRV traded down $2.04 during mid-day trading on Friday, hitting $137.25. 1,738,587 shares of the stock traded hands, compared to its average volume of 1,541,037. The company has a market capitalization of $37,253.50, a price-to-earnings ratio of 18.85, a PEG ratio of 1.72 and a beta of 1.25. The Travelers Companies has a 52 week low of $113.76 and a 52 week high of $150.55. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.28.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.28). The firm had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $6.47 billion. The 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.20 earnings per share. equities analysts forecast that The Travelers Companies will post 10.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were given a $0.72 dividend. The ex-dividend date was Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 2.10%. The Travelers Companies’s dividend payout ratio (DPR) is 39.56%.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a report on Tuesday, April 3rd. ValuEngine downgraded shares of The Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Wells Fargo set a $142.00 target price on shares of The Travelers Companies and gave the stock a “hold” rating in a report on Monday, April 2nd. Barclays restated a “hold” rating and issued a $140.00 target price (up from $135.00) on shares of The Travelers Companies in a report on Sunday, February 18th. Finally, Atlantic Securities upgraded shares of The 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, January 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The Travelers Companies presently has an average rating of “Hold” and an average price target of $137.88.
Institutional investors have recently added to or reduced their stakes in the business. Stelac Advisory Services LLC purchased a new stake in The Travelers Companies in the 4th quarter valued at about $101,000. Field & Main Bank purchased a new stake in The Travelers Companies in the 4th quarter valued at about $102,000. Fieldpoint Private Securities LLC purchased a new stake in The Travelers Companies in the 3rd quarter valued at about $106,000. Valeo Financial Advisors LLC purchased a new stake in The Travelers Companies in the 3rd quarter valued at about $108,000. Finally, CNB Bank purchased a new stake in The Travelers Companies in the 4th quarter valued at about $113,000. 80.13% of the stock is owned by institutional investors.
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About The Travelers Companies
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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