The Travelers Companies, Inc. (TRV) Shares Gap Up to $119.76

The Travelers Companies, Inc. (NYSE:TRV) shares gapped up prior to trading on Monday . The stock had previously closed at $116.01, but opened at $119.76. The Travelers Companies shares last traded at $122.56, with a volume of 3,439,908 shares trading hands.

Several research firms have recently commented on TRV. BidaskClub cut The Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target for the company in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $115.00 price target on shares of The Travelers Companies in a report on Thursday, May 25th. Barclays PLC raised their price target on The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Finally, Zacks Investment Research cut The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $125.41.

The company has a market capitalization of $33.82 billion, a P/E ratio of 12.20 and a beta of 1.21. The firm has a 50-day moving average of $125.84 and a 200-day moving average of $123.89.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the company posted $2.20 EPS. The Travelers Companies’s revenue was up 4.7% on a year-over-year basis. On average, analysts forecast that The Travelers Companies, Inc. will post $8.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.35%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

In other news, EVP Kenneth Franklin Spence III sold 4,800 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $128.73, for a total transaction of $617,904.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 3,300 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,285,000. The disclosure for this sale can be found here. Insiders have sold a total of 150,395 shares of company stock valued at $19,249,559 in the last quarter. Insiders own 0.82% of the company’s stock.

Several large investors have recently made changes to their positions in TRV. CWM LLC lifted its position in shares of The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 37 shares during the last quarter. Westside Investment Management Inc. lifted its position in shares of The Travelers Companies by 361.1% during the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after acquiring an additional 686 shares during the last quarter. First Personal Financial Services lifted its position in shares of The Travelers Companies by 133.3% during the 1st quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock valued at $107,000 after acquiring an additional 508 shares during the last quarter. Tradewinds Capital Management LLC lifted its position in shares of The Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after acquiring an additional 10 shares during the last quarter. Finally, Intellectus Partners LLC lifted its position in shares of The Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 77.55% of the company’s stock.

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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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