Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Travelers Companies (TRV) Stock Price

Headlines about Travelers Companies (NYSE:TRV) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Travelers Companies earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.3538827917325 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several research firms have recently issued reports on TRV. ValuEngine cut Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Wells Fargo & Co reissued a “hold” rating and issued a $142.00 price target on shares of Travelers Companies in a research note on Thursday, May 24th. Citigroup decreased their price target on Travelers Companies from $159.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, May 1st. Argus decreased their price target on Travelers Companies from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, April 26th. Finally, Morgan Stanley decreased their price target on Travelers Companies from $130.00 to $126.00 and set an “underweight” rating for the company in a research note on Wednesday, April 25th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $140.05.

Shares of Travelers Companies opened at $124.41 on Monday, Marketbeat reports. Travelers Companies has a fifty-two week low of $113.76 and a fifty-two week high of $150.55. The stock has a market cap of $33.36 billion, a P/E ratio of 17.09, a PEG ratio of 0.93 and a beta of 1.26. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.30.

Travelers Companies (NYSE:TRV) last announced its earnings results on Tuesday, April 24th. The insurance provider reported $2.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.68 by ($0.22). Travelers Companies had a net margin of 7.21% and a return on equity of 8.94%. The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.24 billion. sell-side analysts predict that Travelers Companies will post 10.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 8th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $3.08 annualized dividend and a yield of 2.48%. This is a boost from Travelers Companies’s previous quarterly dividend of $0.72. Travelers Companies’s dividend payout ratio (DPR) is currently 42.31%.

In related news, Vice Chairman Jay S. Benet sold 4,437 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $134.90, for a total transaction of $598,551.30. Following the completion of the transaction, the insider now owns 89,737 shares of the company’s stock, valued at $12,105,521.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jay S. Benet sold 6,854 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $132.00, for a total value of $904,728.00. Following the transaction, the insider now directly owns 92,154 shares of the company’s stock, valued at approximately $12,164,328. The disclosure for this sale can be found here. Insiders have sold 26,622 shares of company stock valued at $3,566,791 in the last ninety days. Company insiders own 0.80% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

Insider Buying and Selling by Quarter for Travelers Companies (NYSE:TRV)

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