Media stories about Travelers Companies (NYSE:TRV) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Travelers Companies earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 46.2167780986921 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- The Travelers Companies, Inc., (NYSE: TRV) – Stock’s Volatility Analysis – Stock Watch (stocksnewstimes.com)
- Most Shocking Stock Movements: First Bancorp (FBP), The Travelers Companies, Inc. (TRV) – Market Movers (financialqz.com)
- Travelers Companies Inc (NYSE:TRV) Bearish Trend – Live Trading News (livetradingnews.com)
- The Travelers Companies, Inc. (NYSE:TRV) – Stock’s Liquidity Analysis – Nasdaq Journal (press release) (nasdaqjournal.com)
- Here’s What Day Traders Should Know: The Travelers Companies Inc (NYSE: TRV) – Alpha Beta Stock (alphabetastock.com)
A number of equities research analysts have weighed in on TRV shares. B. Riley restated a “neutral” rating on shares of Travelers Companies in a report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $152.00 price target on shares of Travelers Companies in a report on Wednesday, December 6th. Royal Bank of Canada increased their price target on shares of Travelers Companies to $140.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Wells Fargo & Co set a $125.00 price target on shares of Travelers Companies and gave the company a “hold” rating in a report on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Travelers Companies currently has an average rating of “Hold” and a consensus price target of $134.38.
Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.40 earnings per share. analysts anticipate that Travelers Companies will post 6.64 earnings per share for the current fiscal year.
Travelers Companies declared that its Board of Directors has approved a share repurchase program on Thursday, November 9th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 11th were paid a $0.72 dividend. The ex-dividend date was Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.18%. Travelers Companies’s payout ratio is currently 33.33%.
In related news, EVP Michael Frederick Klein sold 20,077 shares of Travelers Companies stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the completion of the transaction, the executive vice president now directly owns 21,619 shares of the company’s stock, valued at approximately $2,825,170.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maria Olivo sold 33,225 shares of Travelers Companies stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total transaction of $4,458,130.50. The disclosure for this sale can be found here. Insiders sold a total of 55,302 shares of company stock valued at $7,347,753 over the last three months. Corporate insiders own 0.82% of the company’s stock.
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About Travelers Companies
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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