Investors are feeling more bullish on the company if you pay attention to the change in short interest. The stock experienced a fall in short interest of -7.63% between August 15, 2017 and August 31, 2017. Short shares fell 464,268 over that period. The short-interest ratio decreased to 4.0 and the percentage of shorted shares was 0.02% on August 31.
Here is a rundown on some insider market activity for The Travelers Companies, Inc. (NYSE:TRV). Thomas M. Kunkel, EVP & Pres., Bond & Spec. Ins. let go of $2,568,064 worth of shares at an average price of $129.38 on Thu the 10th. Kunkel now owns $2,504,869 of stock as recorded in a recent Form 4 SEC filing. EVP John P. Jr Clifford sold 3,525 shares at an average price of $129.85 on August 10th. The EVP now owns $1,254,074 of the stock per an SEC filing yesterday.
William H. Heyman, Vice Chairman & Chief Inv Off disclosed the sale of 1,979 shares of (TRV). The shares were sold on August 9th for an average price of $130.00. The Vice Chairman & Chief Inv Off now owns $31,166,727 of the stock according to the SEC filing.
These firms have modified their investment in TRV. Perigon Wealth Management, LLC divested its investment by selling 339 shares a decrease of 0.7%. Perigon Wealth Management, LLC now holds 48,093 shares valued at $6,085,000. The value of the position overall is up by 4.2%. As of the end of the quarter Cantab Capital Partners Llp had acquired 5,126 shares growing its stake by 127.3%. The value of the investment in TRV went from $486,000 to $1,158,000,000 a change of 238,171.6% since the last quarter.
As of quarter end Gwm Advisors LLC had bought a total of 3,570 shares growing its holdings by 89.5%. The value in dollars increased from $482,000 to $950,887,000 increasing 197,179.5% quarter over quarter. Next Financial Group, Inc bolstered its holdings by buying 326 shares an increase of 12.5% from 03/31/2017 to 06/30/2017. Next Financial Group, Inc claims 2,931 shares worth $371,000,000. The total value of its holdings increased 116,934.7%.
On September 19 UBS kept the stock rating at “Neutral” but raised the price target from $105.00 to $125.00. September 12 investment analysts at Credit Suisse held the stock rating at “Neutral” but moved up the price target to $125.00 from $114.00.
August 11 investment analysts at Barclays made no change to the stock rating of “Equal-Weight” and raised the price expectation to $122.00 from $109.00. On July 13 Citigroup maintained a company rating of “Buy” and moved up the price target from $130.00 to $150.00.
On June 19 the company was downgraded from “Buy” to “Neutral” by Bank of America.
The company is trading up by 0.12% percent from yesterday’s close. The Travelers Companies, Inc. also recently declared a dividend that will be paid on Friday the 29th of September 2017. The dividend payment will be $0.720 per share for the quarter or $2.88 annualized. This dividend represents a yield of $2.39 which is the dividend as a percentage of the current share price. The ex-dividend date will be Thursday September 7th, 2017.
Shares of the company are trading at $120.72 which is a tad under the 50 day moving average of $124.75 and which is slightly below the 200 day moving average of $123.78. The 50 day moving average moved down $-4.03 and the 200 day average went down $-3.06 or -2.47%.
The P/E ratio is currently 12.02 and the market cap is 33.31B. As of the latest earnings report the EPS was $10.04 and is projected to be $7.64 for the current year with 275,947,000 shares now outstanding. Analysts expect next quarter’s EPS to be $2.76 and the next full year EPS is anticipated to be $9.65.
The Travelers Companies, Inc., launched on March 5, 1853, is a holding company. The Company operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. The Company, through its subsidiaries, is involved in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals..