The Travelers Companies, Inc. (NYSE:TRV) EVP Maria Olivo sold 9,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $160.29, for a total value of $1,586,871.00. Following the completion of the sale, the executive vice president now owns 104,960 shares in the company, valued at $16,824,038.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Maria Olivo also recently made the following trade(s):
- On Wednesday, February 24th, Maria Olivo sold 10,000 shares of The Travelers Companies stock. The shares were sold at an average price of $150.63, for a total value of $1,506,300.00.
Shares of NYSE:TRV traded up $0.31 during trading on Friday, reaching $160.81. The stock had a trading volume of 1,057,297 shares, compared to its average volume of 1,393,576. The Travelers Companies, Inc. has a 52 week low of $85.10 and a 52 week high of $161.18. The business’s 50-day moving average price is $153.59 and its 200 day moving average price is $142.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $40.44 billion, a PE ratio of 18.38, a P/E/G ratio of 2.06 and a beta of 0.77.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Monday, April 19th. The insurance provider reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.36. The Travelers Companies had a net margin of 7.13% and a return on equity of 8.63%. The firm had revenue of $7.39 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the previous year, the company posted $2.62 EPS. The Travelers Companies‘s revenue was up 2.2% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post 8.54 EPS for the current year.
The Travelers Companies declared that its board has authorized a stock repurchase program on Tuesday, April 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 12.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Thursday, June 10th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.19%. The ex-dividend date is Wednesday, June 9th. This is a boost from The Travelers Companies‘s previous quarterly dividend of $0.85. The Travelers Companies‘s payout ratio is 35.42%.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in The Travelers Companies by 1.4% during the 4th quarter. BlackRock Inc. now owns 20,322,232 shares of the insurance provider’s stock worth $2,852,632,000 after acquiring an additional 276,148 shares during the period. FMR LLC grew its holdings in The Travelers Companies by 5.9% during the 4th quarter. FMR LLC now owns 14,008,408 shares of the insurance provider’s stock worth $1,966,361,000 after acquiring an additional 784,637 shares during the period. Clearbridge Investments LLC grew its holdings in The Travelers Companies by 13.5% during the 4th quarter. Clearbridge Investments LLC now owns 5,024,371 shares of the insurance provider’s stock worth $705,271,000 after acquiring an additional 597,963 shares during the period. price T Rowe Associates Inc. MD grew its holdings in The Travelers Companies by 591.8% during the 4th quarter. price T Rowe Associates Inc. MD now owns 3,219,706 shares of the insurance provider’s stock worth $451,950,000 after acquiring an additional 2,754,283 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of The Travelers Companies by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,004,411 shares of the insurance provider’s stock valued at $421,694,000 after buying an additional 28,268 shares during the period. Hedge funds and other institutional investors own 81.82% of the company’s stock.
TRV has been the topic of several analyst reports. Argus raised their target price on The Travelers Companies from $138.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, January 25th. Royal Bank of Canada increased their price target on The Travelers Companies from $156.00 to $163.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 27th. Barclays increased their price target on The Travelers Companies from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, March 30th. Zacks Investment Research raised The Travelers Companies from a “sell” rating to a “hold” rating and set a $165.00 price objective for the company in a research note on Thursday, April 22nd. Finally, Credit Suisse Group raised their price objective on The Travelers Companies from $142.00 to $153.00 and gave the stock a “neutral” rating in a research note on Thursday, April 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The Travelers Companies currently has an average rating of “Hold” and a consensus price target of $153.25.
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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