Travelers Companies Target of Unusually High Options Trading (TRV)

Travelers Companies Inc (NYSE:TRV) saw some unusual options trading activity on Tuesday. Investors purchased 770 put options on the stock. This represents an increase of 875% compared to the typical volume of 79 put options.

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 23,405 shares of Travelers Companies stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $128.52, for a total transaction of $3,008,010.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 8,323 shares of Travelers Companies stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $125.54, for a total transaction of $1,044,869.42. Following the transaction, the insider now directly owns 239,744 shares in the company, valued at approximately $30,097,461.76. The disclosure for this sale can be found here. Insiders have sold 118,894 shares of company stock valued at $15,566,097 over the last 90 days. 0.80% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Travelers Companies by 0.3% in the third quarter. Vanguard Group Inc. now owns 22,074,825 shares of the insurance provider’s stock worth $2,863,326,000 after buying an additional 65,931 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Travelers Companies by 0.3% in the third quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock worth $2,863,326,000 after buying an additional 65,931 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Travelers Companies by 0.9% in the fourth quarter. BlackRock Inc. now owns 21,075,932 shares of the insurance provider’s stock worth $2,523,843,000 after buying an additional 190,871 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Travelers Companies by 4.5% in the fourth quarter. Bank of America Corp DE now owns 3,717,965 shares of the insurance provider’s stock worth $445,226,000 after buying an additional 159,502 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Travelers Companies by 1.7% in the fourth quarter. Northern Trust Corp now owns 3,566,973 shares of the insurance provider’s stock worth $427,144,000 after buying an additional 60,000 shares in the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

TRV stock opened at $132.93 on Wednesday. Travelers Companies has a one year low of $111.08 and a one year high of $142.64. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $35.34 billion, a PE ratio of 14.87, a P/E/G ratio of 0.95 and a beta of 1.07.

Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.98 by $0.15. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. The firm had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the firm earned $2.28 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Travelers Companies will post 11.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 11th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 34.45%.

Several brokerages have weighed in on TRV. Zacks Investment Research downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Credit Suisse Group reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Wednesday, January 23rd. Royal Bank of Canada downgraded shares of Travelers Companies from an “outperform” rating to a “sector perform” rating and set a $133.00 price target on the stock. in a report on Tuesday, December 11th. Wells Fargo & Co set a $130.00 price target on shares of Travelers Companies and gave the company a “hold” rating in a report on Wednesday, January 23rd. Finally, Compass Point began coverage on shares of Travelers Companies in a report on Tuesday, January 15th. They set a “buy” rating and a $155.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $138.33.

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About 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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