The Travelers Cos. (NYSE:TRV) Vice Chairman Jay S. Benet sold 5,797 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $116.64, for a total transaction of $676,162.08. Following the completion of the transaction, the insider now directly owns 71,352 shares of the company’s stock, valued at approximately $8,322,497.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of The Travelers Cos. (NYSE:TRV) traded up 0.17% on Tuesday, hitting $117.65. 1,358,112 shares of the stock traded hands. The stock has a market cap of $33.92 billion and a price-to-earnings ratio of 11.32. The stock has a 50-day moving average price of $115.48 and a 200 day moving average price of $112.03. The Travelers Cos. has a 12-month low of $95.21 and a 12-month high of $119.30.
The Travelers Cos. (NYSE:TRV) last issued its earnings results on Thursday, July 21st. The company reported $2.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.19 by $0.05. During the same period in the previous year, the firm earned $2.52 EPS. The firm earned $6.79 billion during the quarter, compared to analysts’ expectations of $6.37 billion. The firm’s revenue was up 2.3% on a year-over-year basis.
Several equities analysts recently commented on TRV shares. BMO Capital Markets upped their price target on shares of The Travelers Cos. from $115.00 to $117.00 in a research report on Tuesday, April 12th. Zacks Investment Research raised shares of The Travelers Cos. from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Thursday, April 7th. Bank of America Corp. raised shares of The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Tuesday, June 28th. They noted that the move was a valuation call. FBR & Co reaffirmed a “buy” rating on shares of The Travelers Cos. in a research report on Saturday, April 23rd. Finally, Citigroup Inc. reaffirmed a “hold” rating and set a $120.00 price target on shares of The Travelers Cos. in a research report on Monday, April 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.73.
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.
