The Travelers Companies, Inc. (NYSE:TRV) Short Interest Down 17.8% in April


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The Travelers Companies, Inc. (NYSE:TRV) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 4,440,000 shares, a decrease of 17.8% from the March 31st total of 5,400,000 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average trading volume of 1,410,000 shares, the days-to-cover ratio is presently 3.1 days.

The Travelers Companies stock traded up $1.94 on Tuesday, reaching $158.53. The company’s stock had a trading volume of 1,389,636 shares, compared to its average volume of 1,401,786. The Travelers Companies has a twelve month low of $85.10 and a twelve month high of $161.18. The company has a market cap of $39.86 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.39 and a current ratio of 0.39. The business’s fifty day moving average price is $153.53 and its 200 day moving average price is $141.96.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Monday, April 19th. The insurance provider reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.36. The Travelers Companies had a net margin of 7.13% and a return on equity of 8.63%. The firm had revenue of $7.39 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter last year, the company posted $2.62 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies will post 8.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Thursday, June 10th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, June 9th. This is a boost from The Travelers Companies’s previous quarterly dividend of $0.85. The Travelers Companies’s payout ratio is 35.42%.

The Travelers Companies declared that its board has initiated a stock repurchase plan on Tuesday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to reacquire up to 12.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of analysts have recently issued reports on TRV shares. JPMorgan Chase & Co. boosted their price objective on The Travelers Companies from $129.00 to $136.00 and gave the company an “underweight” rating in a research report on Monday, January 4th. MKM Partners increased their price objective on shares of The Travelers Companies from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, March 18th. Morgan Stanley lifted their target price on shares of The Travelers Companies from $154.00 to $166.00 and gave the company an “underweight” rating in a research report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of The Travelers Companies from $130.00 to $155.00 and gave the stock a “hold” rating in a research report on Monday, January 25th. Finally, Citigroup upped their price objective on The Travelers Companies from $142.00 to $155.00 in a research note on Wednesday, March 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $153.25.

In related news, CFO Daniel S. Frey sold 1,485 shares of the stock in a transaction dated Thursday, April 22nd. The shares were sold at an average price of $154.90, for a total value of $230,026.50. Following the completion of the sale, the chief financial officer now owns 846 shares in the company, valued at $131,045.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 60,979 shares of the business’s stock in a transaction dated Thursday, April 22nd. The shares were sold at an average price of $155.00, for a total value of $9,451,745.00. Following the transaction, the chief executive officer now owns 238,213 shares in the company, valued at $36,923,015. The disclosure for this sale can be found here. Insiders sold 110,194 shares of company stock valued at $16,830,409 over the last three months. 0.80% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of TRV. Mcmillion Capital Management Inc. bought a new position in shares of The Travelers Companies in the 4th quarter valued at about $29,000. Ellevest Inc. acquired a new position in The Travelers Companies in the first quarter valued at approximately $29,000. Regent Peak Wealth Advisors LLC acquired a new position in The Travelers Companies in the fourth quarter valued at approximately $30,000. Hoese & Co LLP acquired a new stake in The Travelers Companies during the 1st quarter worth $30,000. Finally, Dividend Assets Capital LLC bought a new stake in shares of The Travelers Companies during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

The 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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