William H. Heyman Sells 1,000 Shares of The Travelers Cos. (TRV) Stock
The Travelers Cos. (NYSE:TRV) Vice Chairman William H. Heyman sold 1,000 shares of The Travelers Cos. stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $113.75, for a total transaction of $113,750.00. Following the sale, the insider now directly owns 229,254 shares in the company, valued at approximately $26,077,642.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
The Travelers Cos. (NYSE:TRV) opened at 113.70 on Wednesday. The firm has a 50 day moving average of $110.74 and a 200 day moving average of $114.37. The firm has a market cap of $32.30 billion, a P/E ratio of 11.53 and a beta of 1.03. The Travelers Cos. has a 1-year low of $101.23 and a 1-year high of $119.32.
The Travelers Cos. (NYSE:TRV) last released its quarterly earnings results on Thursday, October 20th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.13. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts expect that The Travelers Cos. will post $9.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, December 7th. The Travelers Cos.’s dividend payout ratio (DPR) is 27.29%.
A number of large investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its stake in The Travelers Cos. by 86.8% in the second quarter. Global X Management Co. LLC now owns 977 shares of the company’s stock valued at $116,000 after buying an additional 454 shares during the period. Salem Investment Counselors Inc. purchased a new stake in The Travelers Cos. during the third quarter valued at about $117,000. New York Life Trust Co. increased its stake in The Travelers Cos. by 2.5% in the third quarter. New York Life Trust Co. now owns 1,083 shares of the company’s stock valued at $124,000 after buying an additional 26 shares during the period. Mycio Wealth Partners LLC increased its stake in The Travelers Cos. by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,062 shares of the company’s stock valued at $126,000 after buying an additional 25 shares during the period. Finally, Ledyard National Bank increased its stake in The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock valued at $130,000 after buying an additional 56 shares during the period. 76.93% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on TRV. Zacks Investment Research raised shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Credit Suisse Group AG reaffirmed a “hold” rating and set a $111.00 price target on shares of The Travelers Cos. in a research report on Tuesday, August 23rd. Citigroup Inc. lifted their price target on shares of The Travelers Cos. from $117.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, October 11th. Barclays PLC reissued an “equal weight” rating and issued a $109.00 target price (up previously from $105.00) on shares of The Travelers Cos. in a research report on Saturday, October 1st. Finally, William Blair lowered The Travelers Cos. from a “market perform” rating to an “underperform” rating in a research report on Thursday, November 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The Travelers Cos. presently has an average rating of “Hold” and a consensus price target of $117.64.
The Travelers Cos. Company Profile
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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