The Travelers Companies (NYSE:TRV) Short Interest Down 42.1% in February

The Travelers Companies (NYSE:TRV) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 4,979,949 shares, a decline of 42.1% from the February 15th total of 8,608,297 shares. Based on an average daily volume of 1,710,516 shares, the short-interest ratio is presently 2.9 days. Approximately 1.7% of the company’s shares are short sold.

Several brokerages have issued reports on TRV. 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. Zacks Investment Research raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a report on Wednesday, March 28th. ValuEngine cut shares of The Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Credit Suisse Group lifted their target price on shares of The Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Citigroup lifted their target price on shares of The Travelers Companies from $156.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, March 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $137.88.

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In related news, EVP Thomas M. Kunkel sold 9,595 shares of The Travelers Companies stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $150.09, for a total transaction of $1,440,113.55. Following the completion of the transaction, the executive vice president now directly owns 28,956 shares of the company’s stock, valued at approximately $4,346,006.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Brian W. Maclean sold 88,607 shares of The Travelers Companies stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $149.29, for a total transaction of $13,228,139.03. Following the transaction, the chief operating officer now directly owns 211,293 shares of the company’s stock, valued at $31,543,931.97. The disclosure for this sale can be found here. Insiders have sold a total of 200,475 shares of company stock worth $29,286,574 in the last ninety days. Insiders own 0.82% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Stelac Advisory Services LLC purchased a new stake in The Travelers Companies during the fourth quarter valued at $101,000. Field & Main Bank purchased a new stake in shares of The Travelers Companies in the fourth quarter valued at $102,000. Fieldpoint Private Securities LLC purchased a new stake in shares of The Travelers Companies in the third quarter valued at $106,000. Valeo Financial Advisors LLC purchased a new stake in shares of The Travelers Companies in the third quarter valued at $108,000. Finally, CNB Bank purchased a new stake in shares of The Travelers Companies in the fourth quarter valued at $113,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

NYSE TRV traded down $2.04 during trading hours on Friday, hitting $137.25. 1,738,587 shares of the company’s stock traded hands, compared to its average volume of 1,541,037. 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 firm has a market capitalization of $37,253.50, a price-to-earnings ratio of 18.85, a price-to-earnings-growth 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 Travelers Companies (NYSE:TRV) last announced its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.28). The business 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.20 earnings per share. sell-side analysts predict that The Travelers Companies will post 10.62 EPS for the current year.

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.10%. The Travelers Companies’s payout ratio is currently 39.56%.

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The 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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