Travelers Companies Inc (NYSE:TRV) EVP Andy F. Bessette sold 16,550 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $142.46, for a total transaction of $2,357,713.00. Following the transaction, the executive vice president now owns 9,609 shares in the company, valued at $1,368,898.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of NYSE:TRV opened at $141.71 on Wednesday. The company has a market capitalization of $37.57 billion, a P/E ratio of 15.85, a PEG ratio of 1.30 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies Inc has a fifty-two week low of $111.08 and a fifty-two week high of $144.22.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.94 billion. During the same period last year, the company posted $2.46 EPS. Travelers Companies’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts forecast that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of TRV. Nordea Investment Management AB increased its stake in Travelers Companies by 4.6% during the 3rd quarter. Nordea Investment Management AB now owns 207,049 shares of the insurance provider’s stock worth $26,858,000 after purchasing an additional 9,124 shares in the last quarter. Legal & General Group Plc increased its stake in Travelers Companies by 3.0% during the 3rd quarter. Legal & General Group Plc now owns 1,497,766 shares of the insurance provider’s stock worth $194,218,000 after purchasing an additional 42,949 shares in the last quarter. Great Lakes Advisors LLC increased its stake in Travelers Companies by 19.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 7,035 shares of the insurance provider’s stock worth $913,000 after purchasing an additional 1,155 shares in the last quarter. Federated Investors Inc. PA increased its stake in Travelers Companies by 81.5% during the 3rd quarter. Federated Investors Inc. PA now owns 1,118,357 shares of the insurance provider’s stock worth $145,062,000 after purchasing an additional 502,287 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in Travelers Companies by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock worth $2,863,326,000 after purchasing an additional 65,931 shares in the last quarter. 80.52% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the stock. Royal Bank of Canada set a $145.00 target price on shares of Travelers Companies and gave the company a “neutral” rating in a research report on Wednesday, April 24th. UBS Group upped their target price on shares of Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Credit Suisse Group restated a “neutral” rating on shares of Travelers Companies in a research report on Wednesday, January 23rd. Barclays increased their price target on shares of Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Finally, Zacks Investment Research downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Travelers Companies presently has an average rating of “Hold” and a consensus price target of $140.58.
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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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