The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total value of $3,039,360.00. Following the sale, the insider now directly owns 253,744 shares in the company, valued at approximately $32,134,140.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of The Travelers Companies, Inc. (NYSE:TRV) traded down 0.17% on Thursday, hitting $125.79. The company’s stock had a trading volume of 729,721 shares. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $129.60. The firm has a market cap of $34.71 billion, a PE ratio of 12.53 and a beta of 1.21. The company has a 50 day moving average of $126.58 and a 200 day moving average of $122.25.
The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $2.20 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post $8.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.
The Travelers Companies declared that its board has approved a stock buyback plan on Thursday, April 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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A number of research analysts recently issued reports on TRV shares. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Monday, April 24th. Citigroup Inc. raised their price target on The Travelers Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, April 7th. Royal Bank Of Canada restated a “buy” rating and set a $126.00 price target on shares of The Travelers Companies in a research note on Monday, May 22nd. Morgan Stanley restated an “underweight” rating and set a $119.00 price target (up previously from $112.00) on shares of The Travelers Companies in a research note on Friday, July 7th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of The Travelers Companies in a research note on Tuesday, June 20th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The Travelers Companies presently has an average rating of “Hold” and a consensus price target of $123.79.
Several institutional investors have recently bought and sold shares of TRV. Balasa Dinverno & Foltz LLC raised its position in The Travelers Companies by 0.3% in the first quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock valued at $416,000 after buying an additional 9 shares during the period. American Economic Planning Group Inc. ADV raised its position in The Travelers Companies by 0.6% in the first quarter. American Economic Planning Group Inc. ADV now owns 2,529 shares of the insurance provider’s stock valued at $305,000 after buying an additional 15 shares during the period. Dubuque Bank & Trust Co. raised its position in The Travelers Companies by 0.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,970 shares of the insurance provider’s stock valued at $479,000 after buying an additional 23 shares during the period. Northern Oak Wealth Management Inc. raised its position in The Travelers Companies by 0.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock valued at $587,000 after buying an additional 23 shares during the period. Finally, Balentine LLC raised its position in The Travelers Companies by 2.0% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock valued at $169,000 after buying an additional 27 shares during the period. 77.87% of the stock is owned by institutional investors.
The 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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