Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. The Travelers Companies Inc. shares valued at $495,738 were sold by Lefebvre Mojgan M on Aug 24. At $168.33 per share, Lefebvre Mojgan M sold 2,945 shares. The insider’s holdings dropped to 1,020 shares worth approximately $0.16 million following the completion of this transaction.
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Also, Klein Michael Frederick sold 11,478 shares, netting a total of over 1,990,431 in proceeds. Following the sale of shares at $173.41 each, the insider now holds 9,107 shares.
Before that, HEYMAN WILLIAM H had sold 10,000 shares from its account. In a trade valued at $1,786,250, the Vice Chairman traded The Travelers Companies Inc. shares for $178.62 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $39.52 million.
As published in a research note from Raymond James on July 25, 2022, The Travelers Companies Inc. [TRV] has been rated up from a Mkt perform to a Strong buy and the price target has been revised to $185. This represents a 15.1% premium over Wednesday’s closing price. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in late June. As of June 03, 2022, Goldman has decreased its “Neutral” rating to a “Sell” for TRV. Earlier on May 24, 2022, Citigroup initiated its rating. Their recommendation was “a Neutral” for TRV stock.
Analyzing TRV’s Price Performance
On Wednesday, The Travelers Companies Inc. [NYSE: TRV] plunged -2.42% to $157.06. The stock’s lowest price that day was $157.04, but it reached a high of $161.785 in the same session. During the last five days, there has been a drop of approximately -3.79%. Over the course of the year, The Travelers Companies Inc. shares have jumped approximately 0.40%. Shares of the company reached a 52-week high of $187.98 on 03/28/22 and a 52-week low of $152.11 on 07/28/22. A 50-day SMA is recorded $162.98, while a 200-day SMA reached $168.46. Nevertheless, trading volume fell to 1.04 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for The Travelers Companies Inc. (TRV)
According to the 24-hour chart, there is a support level at 155.47, which, if violated, would cause prices to drop to 153.88. In the upper region, resistance lies at 160.22. The next price resistance is at 163.37. RSI (Relative Strength Index) is 35.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.10, which suggests the price will decrease in the coming days. Percent R is at 99.78%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is The Travelers Companies Inc. subject to short interest?
Stocks of The Travelers Companies Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.44 million shares to 3.45 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.01 million shares. A jump of 12.75% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.88 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.88.
Which companies own the most shares of The Travelers Companies Inc. (TRV)?
According to The Vanguard Group, Inc. filings, the company currently owns 20,814,004 shares, which is about 8.77% of the total TRV shares outstanding. The investor’s shares have appreciated by 218,722 from its previous 13-F filing of 20595282.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $2,919,595,668. SSgA Funds Management, Inc. reduced a -5.17% interest valued at $2.67 billion while BlackRock Fund Advisors purchased a 39,454 stake. A total of -444,797 shares of The Travelers Companies Inc. were bought by Massachusetts Financial Services during the quarter, and 370,993 were bought by T. Rowe Price Associates, Inc. In its current portfolio, Capital Research & Management Co holds 6,140,726 shares valued at $992.59 million.
In terms of The Travelers Companies Inc. share price expectations, FactSet research, analysts set an average price target of $174.06 in the next 12 months, up nearly 9.04% from the previous closing price of $160.95. Analysts anticipate The Travelers Companies Inc. stock to reach $190.00 by 2022, with the lowest price target being $156.00. In spite of this, 24 analysts ranked The Travelers Companies Inc. stock as a Hold at the end of 2022.