Travelers Companies Inc (NYSE:TRV) Vice Chairman William H. Heyman sold 2,500 shares of Travelers Companies stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.75, for a total transaction of $356,875.00. Following the transaction, the insider now owns 250,567 shares in the company, valued at approximately $35,768,439.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Travelers Companies Inc (NYSE TRV) traded down $1.17 during trading hours on Wednesday, hitting $139.52. 1,279,413 shares of the stock were exchanged, compared to its average volume of 2,006,524. The firm has a market cap of $38,000.00, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.89 and a beta of 1.29. Travelers Companies Inc has a 12 month low of $113.76 and a 12 month 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.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The company had revenue of $7.45 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same period in the prior year, the company posted $3.20 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. equities analysts forecast that Travelers Companies Inc will post 10.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s dividend payout ratio is presently 37.02%.
TRV has been the topic of a number of recent analyst reports. Atlantic Securities upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price objective on the stock in a report on Friday, January 26th. Credit Suisse Group boosted their price objective on shares of Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays reissued a “hold” rating and issued a $140.00 target price (up previously from $135.00) on shares of Travelers Companies in a research report on Sunday, February 18th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $142.00 target price on shares of Travelers Companies in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $137.20.
Hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new stake in shares of Travelers Companies during the third quarter valued at approximately $8,254,000. Abner Herrman & Brock LLC raised its holdings in shares of Travelers Companies by 6.5% during the fourth quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock valued at $8,529,000 after acquiring an additional 3,853 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Travelers Companies by 4.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 58,457 shares of the insurance provider’s stock valued at $7,162,000 after acquiring an additional 2,567 shares during the period. Vaughan David Investments Inc. IL raised its holdings in shares of Travelers Companies by 1,454.3% during the third quarter. Vaughan David Investments Inc. IL now owns 219,728 shares of the insurance provider’s stock valued at $26,387,000 after acquiring an additional 205,591 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Travelers Companies by 8.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,442 shares of the insurance provider’s stock valued at $2,750,000 after acquiring an additional 1,683 shares during the period. 80.15% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “William H. Heyman Sells 2,500 Shares of Travelers Companies Inc (TRV) Stock” was published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.thelincolnianonline.com/2018/03/14/travelers-companies-inc-trv-vice-chairman-william-h-heyman-sells-2500-shares.html.
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.
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.