Traders Sell The Travelers Cos. (TRV) on Strength (TRV)
Investors sold shares of The Travelers Cos. (NYSE:TRV) on strength during trading hours on Monday. $22.95 million flowed into the stock on the tick-up and $53.43 million flowed out of the stock on the tick-down, for a money net flow of $30.48 million out of the stock. Of all stocks tracked, The Travelers Cos. had the 0th highest net out-flow for the day. The Travelers Cos. traded up $0.30 for the day and closed at $117.45
TRV has been the topic of several recent analyst reports. BMO Capital Markets upped their target price on shares of The Travelers Cos. from $115.00 to $117.00 in a research report on Tuesday, April 12th. Citigroup Inc. restated a “hold” rating and set a $120.00 target price on shares of The Travelers Cos. in a research report on Monday, April 11th. Bank of America Corp. upgraded shares of The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Tuesday, June 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of The Travelers Cos. from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Thursday, April 7th. Finally, Macquarie reaffirmed an “underperform” rating and issued a $92.00 price target on shares of The Travelers Cos. in a report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $117.73.
The company has a 50-day moving average of $115.48 and a 200 day moving average of $112.03. The company has a market capitalization of $33.86 billion and a PE ratio of 11.30.
The Travelers Cos. (NYSE:TRV) last posted its earnings results on Thursday, July 21st. The company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.05. The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.37 billion. The Travelers Cos.’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.52 earnings per share. On average, equities research analysts expect that The Travelers Cos. will post $9.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.68 dividend on an annualized basis and a yield of 2.28%.
In related news, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $114.50, for a total transaction of $114,500.00. Following the completion of the sale, the insider now directly owns 229,254 shares of the company’s stock, valued at approximately $26,249,583. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jay S. Benet sold 5,797 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $118.12, for a total value of $684,741.64. Following the sale, the chief financial officer now directly owns 71,352 shares of the company’s stock, valued at $8,428,098.24. The disclosure for this sale can be found here.
A number of hedge funds have bought and sold shares of TRV. WFG Advisors LP boosted its stake in The Travelers Cos. by 2.8% in the fourth quarter. WFG Advisors LP now owns 11,947 shares of the company’s stock worth $1,348,000 after buying an additional 323 shares during the last quarter. Atlantic Trust Group LLC acquired a new stake in The Travelers Cos. during the fourth quarter worth about $1,371,000. Burney Co. increased its position in The Travelers Cos. by 199.1% in the fourth quarter. Burney Co. now owns 12,250 shares of the company’s stock worth $1,390,000 after buying an additional 8,154 shares during the period. Victory Capital Management Inc. increased its position in The Travelers Cos. by 46.5% in the fourth quarter. Victory Capital Management Inc. now owns 13,627 shares of the company’s stock worth $1,538,000 after buying an additional 4,324 shares during the period. Finally, OppenheimerFunds Inc. purchased a new position in The Travelers Cos. during the fourth quarter worth $1,592,000.
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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