The Travelers Companies (NYSE:TRV) Vice Chairman Jay S. Benet sold 6,457 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $132.01, for a total transaction of $852,388.57. Following the sale, the insider now owns 91,757 shares of the company’s stock, valued at $12,112,841.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE TRV opened at $130.72 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.39 and a quick ratio of 0.39. The Travelers Companies has a 12 month low of $129.58 and a 12 month high of $130.46. The firm has a market capitalization of $35.10 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 1.66 and a beta of 1.26.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, April 24th. The insurance provider reported $2.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.68 by ($0.22). The Travelers Companies had a return on equity of 8.94% and a net margin of 7.21%. The company had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.24 billion. equities research analysts expect that The Travelers Companies will post 10.44 EPS for the current year.
A number of equities research analysts recently commented on TRV shares. Barclays reiterated a “hold” rating and set a $140.00 price target (up from $135.00) on shares of The Travelers Companies in a report on Sunday, February 18th. Citigroup lowered their price target on shares of The Travelers Companies from $159.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, May 1st. Wells Fargo reiterated a “market perform” rating and set a $142.00 price target on shares of The Travelers Companies in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of The Travelers Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, Atlantic Securities upgraded shares of The Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price target for the company in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The Travelers Companies presently has an average rating of “Hold” and an average price target of $139.38.
Hedge funds and other institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC raised its holdings in The Travelers Companies by 138.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,091 shares of the insurance provider’s stock worth $284,000 after purchasing an additional 1,213 shares in the last quarter. Eaton Vance Management grew its position in shares of The Travelers Companies by 2.2% in the 4th quarter. Eaton Vance Management now owns 232,379 shares of the insurance provider’s stock worth $31,520,000 after buying an additional 4,903 shares during the period. First Business Financial Services Inc. grew its position in shares of The Travelers Companies by 16.9% in the 4th quarter. First Business Financial Services Inc. now owns 5,684 shares of the insurance provider’s stock worth $771,000 after buying an additional 822 shares during the period. Koshinski Asset Management Inc. purchased a new stake in shares of The Travelers Companies in the 4th quarter worth about $478,000. Finally, Ingalls & Snyder LLC purchased a new stake in shares of The Travelers Companies in the 4th quarter worth about $273,000. Institutional investors and hedge funds own 80.42% of the company’s stock.
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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