Somewhat Positive News Coverage Somewhat Unlikely to Affect Travelers Companies (TRV) Stock Price
Press coverage about Travelers Companies (NYSE:TRV) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Travelers Companies earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.2167780986921 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Travelers Selected by Community Bankers of Iowa as Preferred Vendor – Business Wire (press release) (businesswire.com)
- Choate Investment Advisors Has Upped Travelers Companies (TRV) Position by $35.43 Million; Confluence … – Hill Country Times (hillcountrytimes.com)
- Travelers Europe to Create European Subsidiary in Dublin in Response to Brexit (finance.yahoo.com)
- Travelers play epic game of musical chairs as Atlanta airport recovers from blackout (cnbc.com)
A number of brokerages recently commented on TRV. Royal Bank of Canada restated a “buy” rating and set a $148.00 price objective on shares of Travelers Companies in a research note on Friday, December 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $152.00 price objective on shares of Travelers Companies in a research note on Wednesday, December 6th. Goldman Sachs Group began coverage on Travelers Companies in a research note on Monday, December 4th. They set a “sell” rating and a $124.00 price objective for the company. Wells Fargo & Company set a $125.00 price objective on Travelers Companies and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Finally, B. Riley reissued a “neutral” rating on shares of Travelers Companies in a research note on Monday, November 6th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $132.01.
Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the business earned $2.40 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. sell-side analysts expect that Travelers Companies will post 6.76 EPS for the current year.
Travelers Companies announced that its Board of Directors has approved a stock repurchase plan on Monday, September 11th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, December 8th. This represents a $2.88 annualized dividend and a yield of 2.12%. Travelers Companies’s dividend payout ratio is currently 33.29%.
In other news, EVP Michael Frederick Klein sold 20,077 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the completion of the sale, the executive vice president now directly owns 21,619 shares of the company’s stock, valued at $2,825,170.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andy F. Bessette sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the sale, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at $1,063,840. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is currently owned by company insiders.
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Travelers Companies Company Profile
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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