Travelers Companies Inc (TRV) Director Acquires $218,304.00 in Stock
Travelers Companies Inc (NYSE:TRV) Director Philip T. Ruegger III purchased 1,600 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $136.44 per share, with a total value of $218,304.00. Following the completion of the acquisition, the director now directly owns 28,277 shares in the company, valued at $3,858,113.88. The purchase was disclosed in a filing with the SEC, which is available through this link.
Shares of Travelers Companies Inc (NYSE TRV) opened at $138.58 on Wednesday. The firm has a market cap of $37,950.00, a PE ratio of 16.04, a PEG ratio of 1.83 and a beta of 1.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.39 and a quick ratio of 0.41. Travelers Companies Inc has a 1 year low of $113.76 and a 1 year high of $150.55.
Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28). The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.20 earnings per share. research analysts anticipate that Travelers Companies Inc will post 10.59 earnings per share for the current fiscal year.
Travelers Companies announced that its board has authorized a share buyback program on Thursday, November 9th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms recently commented on TRV. Credit Suisse Group upped their price target on shares of Travelers Companies from $141.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Wells Fargo & Co reissued a “market perform” rating and set a $142.00 price objective on shares of Travelers Companies in a research report on Tuesday, January 23rd. Royal Bank of Canada boosted their price objective on shares of Travelers Companies to $140.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Goldman Sachs Group began coverage on shares of Travelers Companies in a research report on Monday, December 4th. They set a “sell” rating and a $124.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Travelers Companies presently has an average rating of “Hold” and a consensus price target of $136.07.
Several large investors have recently added to or reduced their stakes in the company. Focused Wealth Management Inc grew its position in shares of Travelers Companies by 206,200.0% in the 4th quarter. Focused Wealth Management Inc now owns 2,063 shares of the insurance provider’s stock worth $280,000 after buying an additional 2,062 shares during the period. Scotia Capital Inc. grew its position in shares of Travelers Companies by 15.7% in the 4th quarter. Scotia Capital Inc. now owns 13,496 shares of the insurance provider’s stock worth $1,831,000 after buying an additional 1,836 shares during the period. Signaturefd LLC grew its position in shares of Travelers Companies by 18.2% in the 4th quarter. Signaturefd LLC now owns 2,870 shares of the insurance provider’s stock worth $389,000 after buying an additional 442 shares during the period. Aviance Capital Partners LLC grew its position in shares of Travelers Companies by 16.1% in the 4th quarter. Aviance Capital Partners LLC now owns 6,630 shares of the insurance provider’s stock worth $899,000 after buying an additional 918 shares during the period. Finally, Koch Industries Inc. grew its position in shares of Travelers Companies by 46.4% in the 4th quarter. Koch Industries Inc. now owns 3,998 shares of the insurance provider’s stock worth $542,000 after buying an additional 1,268 shares during the period. 78.59% of the stock is currently owned by hedge funds and other institutional investors.
About Travelers Companies
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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