Travelers Companies (TRV) Shares Gap Down to $140.85
Travelers Companies Inc (NYSE:TRV)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $144.68, but opened at $140.85. Travelers Companies shares last traded at $142.20, with a volume of 1329851 shares changing hands.
Several equities analysts have commented on TRV shares. Bank of America raised Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Royal Bank of Canada raised their price objective on Travelers Companies to $140.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Citigroup raised their price objective on Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, October 20th. 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. Finally, Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Travelers Companies has an average rating of “Hold” and a consensus price target of $135.07.
The firm has a market cap of $38,900.00, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.89 and a beta of 1.26. The company has a quick ratio of 0.41, a current ratio of 0.39 and a debt-to-equity ratio of 0.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 2.03%. Travelers Companies’s payout ratio is 33.33%.
Travelers Companies announced that its board has approved a stock repurchase program on Thursday, November 9th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
In other Travelers Companies news, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,825,170.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Brian W. Maclean sold 88,607 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $149.29, for a total value of $13,228,139.03. Following the sale, the chief operating officer now owns 211,293 shares of the company’s stock, valued at $31,543,931.97. The disclosure for this sale can be found here. Insiders sold a total of 183,599 shares of company stock valued at $26,487,501 over the last quarter. 0.82% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in TRV. Field & Main Bank bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $102,000. Fieldpoint Private Securities LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at about $106,000. Valeo Financial Advisors LLC purchased a new position in shares of Travelers Companies during the 3rd quarter valued at about $108,000. Intellectus Partners LLC lifted its position in shares of Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares in the last quarter. Finally, Security National Trust Co. lifted its position in shares of Travelers Companies by 260.9% during the 3rd quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock valued at $128,000 after buying an additional 754 shares in the last quarter. Institutional investors and hedge funds own 79.21% of the company’s stock.
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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