That value represents a market adjusting for revenues that have been growing by 5.24 % on a quarterly year/year basis as of the company's last quarterly report. Perhaps, that suggests something about why 0.94% of the outstanding share supply is held by institutional investors. Trading volume for The Travelers Companies, Inc. was 5.05 Million in its previous trading session.
TRADEMARK VIOLATION NOTICE: "Travelers Companies Inc (NYSE:TRV) Shares Bought by Atria Investments LLC" was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.
Other institutional investors and hedge funds also recently made changes to their positions in the company. IL lifted its position in Travelers Companies by 1,454.3% in the 3rd quarter. It also reduced its holding in Allstate Corp (NYSE:ALL) by 12,400 shares in the quarter, leaving it with 515,096 shares, and cut its stake in Kosmos Energy Ltd (NYSE:KOS).More news: NBC Thinks Megyn Kelly-Jane Fonda Feud Went Too Far
The company's ATR (Average True Range) is 1.34. Earnings, adjusted for one-time gains and costs, were $2.28 per share. Courier Capital LLC grew its stake in Travelers Companies by 1.4% in the 2nd quarter. The fund owned 20,659 shares of the insurance provider's stock after selling 1,329 shares during the period. Intellectus Partners LLC now owns 933 shares of the insurance provider's stock valued at $118,000 after acquiring an additional 41 shares during the last quarter. FMR LLC now owns 6,596,545 shares of the insurance provider's stock valued at $795,148,000 after buying an additional 1,954,573 shares during the period.
In related news, EVP Maria Olivo sold 33,225 shares of the business's stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $130.68, for a total value of $2,623,662.36. Following the transaction, the executive vice president now directly owns 8,000 shares in the company, valued at approximately $1,063,840. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
For the year, the company reported profit of $2.06 billion, or $7.33 per share. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,302 shares of company stock valued at $7,347,753. Insiders own 0.82% of the company's stock.More news: Hess Corp. (HES) Shares Bought by National Pension Service
The biggest institutional shareholders in The Travelers Companies, Inc. include Vanguard Group Inc which owns 22 million shares in the company valued at $2.69 B million. The company has market cap of $13.04 billion. The company has a market capitalization of $40,340.00, a PE ratio of 16.93, a P/E/G ratio of 1.89 and a beta of 1.25. Looking at the stock's movement on the chart, The Travelers Companies, Inc. recorded a 52-week high of $137.99. For the most recent quarter, quick ratio was 0, current ratio was 0, LT Debt/Equity ratio was 0.25 and Total Debt/Equity ratio stands at 0.29, while Payout ratio is 0.314. Net earnings for the quarter were posted at $0.91 per share, whereas Wall Street had forecast $0.46 per share. The firm had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.31 billion. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.
A number of brokerages have issued reports on TRV. Royal Bank of Canada reissued a "buy" rating and set a $148.00 target price on shares of Travelers Companies in a research report on Friday, December 8th. RBC Capital Markets maintained the stock with "Outperform" rating in Wednesday, July 22 report. The firm earned "Underweight" rating on Friday, October 20 by Morgan Stanley. Finally, Keefe, Bruyette & Woods reaffirmed a "buy" rating and set a $152.00 price target on shares of Travelers Companies in a research note on Wednesday, December 6th. Of those analysts, 5 rate stock as a Strong Buy, 7 rate it as Hold, and just no analyst rates it as a Moderate Sell. (NYSE:TRV) have moved within the range of $113.76 to $137.95. Argus upped their price objective on Travelers Companies from $139.00 to $145.00 and gave the company a "positive" rating in a research report on Monday, October 23rd. If you are reading this piece on another site, it was illegally stolen and reposted in violation of global copyright and trademark law. The correct version of this article can be viewed at https://stocknewstimes.com/2018/01/22/travelers-companies-inc-trv-shares-sold-by-foster-motley-inc.html.More news: Lynyrd Skynyrd Announce Last of the Street Survivors Farewell Tour
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