The Travelers Companies, Inc. (NYSE:TRV – Get Rating) EVP Mojgan M. Lefebvre sold 2,945 shares of Travelers Companies stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $168.33, for a total transaction of $495,731.85. Following the completion of the sale, the executive vice president now directly owns 1,020 shares of the company’s stock, valued at approximately $171,696.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Travelers Companies Price Performance
Travelers Companies stock traded down $2.14 during mid-day trading on Friday, hitting $166.84. The stock had a trading volume of 1,160,996 shares, compared to its average volume of 1,361,632. The Travelers Companies, Inc. has a one year low of $145.40 and a one year high of $187.98. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $39.59 billion, a P/E ratio of 11.77, a P/E/G ratio of 3.08 and a beta of 0.62. The firm’s 50 day moving average is $164.19 and its 200 day moving average is $171.62.
Travelers Companies (NYSE:TRV – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The insurance provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.29 billion. Travelers Companies had a return on equity of 13.64% and a net margin of 9.97%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.45 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 13.61 earnings per share for the current fiscal year.
Travelers Companies Dividend Announcement
Ad Tradewins
The Safest Option in Trades!
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.
And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Thursday, September 8th. Travelers Companies’s payout ratio is currently 25.82%.
Hedge Funds Weigh In On Travelers Companies
A number of hedge funds and other institutional investors have recently modified their holdings of TRV. Valeo Financial Advisors LLC lifted its stake in Travelers Companies by 1.7% in the 1st quarter. Valeo Financial Advisors LLC now owns 3,426 shares of the insurance provider’s stock worth $626,000 after purchasing an additional 58 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Travelers Companies by 1.9% in the first quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock worth $562,000 after purchasing an additional 58 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Travelers Companies by 2.3% in the second quarter. International Assets Investment Management LLC now owns 2,580 shares of the insurance provider’s stock worth $436,000 after buying an additional 59 shares in the last quarter. Mach 1 Financial Group LLC boosted its stake in Travelers Companies by 1.7% during the first quarter. Mach 1 Financial Group LLC now owns 3,707 shares of the insurance provider’s stock valued at $677,000 after buying an additional 61 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its holdings in Travelers Companies by 1.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 4,037 shares of the insurance provider’s stock valued at $738,000 after buying an additional 62 shares in the last quarter. Institutional investors own 83.20% of the company’s stock.
Wall Street Analyst Weigh In
TRV has been the subject of several research analyst reports. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Wolfe Research reiterated a “peer perform” rating on shares of Travelers Companies in a research note on Thursday, June 23rd. UBS Group dropped their price objective on shares of Travelers Companies from $184.00 to $169.00 and set a “neutral” rating on the stock in a report on Monday, July 25th. Jefferies Financial Group reduced their target price on shares of Travelers Companies from $172.00 to $156.00 and set a “hold” rating for the company in a report on Tuesday, July 12th. Finally, The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $190.00 to $170.00 in a research report on Friday, June 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $174.60.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Travelers Companies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Travelers Companies wasn’t on the list.
While Travelers Companies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: Mojgan M. Lefebvre Sells 2,945 Shares of The Travelers Companies, Inc. (NYSE:TRV) Stock