The Travelers Companies Inc.’s filing revealed that its EVP & President, Personal Ins. Klein Michael Frederick unloaded Company’s shares for reported $1.75 million on Jul 24. In the deal valued at $175.05 per share,10,000 shares were sold. As a result of this transaction, Klein Michael Frederick now holds 14,080 shares worth roughly $ 2.28 million.
Then, Klein Michael Frederick sold 10,246 shares, generating $1,873,435 in total proceeds. Upon selling the shares at $182.85, the EVP & President, Personal Ins. now owns 14,080 shares.
Before that, BESSETTE ANDY F sold 11,572 shares. The Travelers Companies Inc. shares valued at $2,061,467 were divested by the EVP and Chief Admin Officer at a price of $178.14 per share. As a result of the transaction, BESSETTE ANDY F now holds 17,361 shares, worth roughly $2.81 million.
Morgan Stanley initiated its The Travelers Companies Inc. [TRV] rating to an Equal-weight in a research note published on Friday, June 20, 2023; the price target was $185. PT values the company’s stock at a premium of 12.63 to its Friday closing price.
Price Performance Review of TRV
On Friday, The Travelers Companies Inc. [NYSE:TRV] saw its stock fall -0.12% to $161.64. On the same session, the stock had its day’s lowest price of $160.88, but rose to a high of $162.91. Over the last five days, the stock has lost -0.51%. The Travelers Companies Inc. shares have fallen nearly -13.79% since the year began. Nevertheless, the stocks have fallen -4.07% over the past one year. While a 52-week high of $194.51 was reached on 01/25/23, a 52-week low of $149.65 was recorded on 08/22/23. SMA at 50 days reached $169.82, while 200 days put it at $178.40. A total of 0.8 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For TRV Stock
The 24-hour chart illustrates a support level at 160.71, which if violated will result in even more drops to 159.78. On the upside, there is a resistance level at 162.74. A further resistance level may holdings at 163.84. The Relative Strength Index (RSI) on the 14-day chart is 35.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.73%. Stochastics %K at 16.82% indicates the stock is a buying.
How much short interest is there in The Travelers Companies Inc.?
A steep rise in short interest was recorded in The Travelers Companies Inc. stocks on Jul 30, 2023, dropping by -0.32 million shares to a total of 2.84 million shares. Yahoo Finance data shows the prior-month short interest on Jun 29, 2023 was 3.16 million shares. There was a decline of -11.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.25% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.99.
The Travelers Companies Inc. [TRV] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 20,664,153 shares, or roughly 9.03% of the outstanding TRV shares. In other words, the investor’s shares have fallen by -31,544 from its previous 13-F filing of 20695697.0. Additionally, SSgA Funds Management, Inc. increased 0.81% of its stake after which the total value it holdings stand at $2,751,390,454, while Fidelity Management & Research Co reduced -10.15% of its stake to hold $2.33 billion in the firm. Over the last quarter, BlackRock Fund Advisors sold -264,034 shares of The Travelers Companies Inc., while Massachusetts Financial Services sold -207,885 shares. At present, JPMorgan Investment Management, I is holding 5,495,601 shares valued at $948.6 million. Geode Capital Management LLC owned 4,498,303 shares of the company at the time of its most recent 13F filing, worth $776.45 million.
According to FactSet, The Travelers Companies Inc.’s share price will average $192.47 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.4 percent from its previous closing price of $161.84. Analysts expect The Travelers Companies Inc. stock to reach the higher price of $230.00, while the lowest price estimate is $168.00. However, 25 analysts have rated TRV stock as a Hold in their predictions for 2023.