Travelers Companies Inc.’s filing revealed that its EVP & Co-Chief Invest. Officer Yin Daniel Tei-Hwa unloaded Company’s shares for reported $2.1 million on Feb 29 ’24. In the deal valued at $221.34 per share,9,502 shares were sold. As a result of this transaction, Yin Daniel Tei-Hwa now holds 58,817 shares worth roughly $13.58 million.
Then, Rowland David Donnay sold 5,264 shares, generating $1,163,025 in total proceeds. Upon selling the shares at $220.94, the EVP & Co-Chief Invest. Officer now owns 7,865 shares.
Before that, Lefebvre Mojgan M sold 18,716 shares. Travelers Companies Inc. shares valued at $4,117,511 were divested by the EVP & Chief Tech & Ops Officer at a price of $220.00 per share. As a result of the transaction, Lefebvre Mojgan M now holds 0 shares, worth roughly $0.0.
TD Cowen initiated its Travelers Companies Inc. [TRV] rating to an Outperform in a research note published on January 10, 2024; the price target was $247. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in late December with a ‘”a Hold”‘ rating. Janney began covering TRV with “Buy” recommendation on December 20, 2023. Oppenheimer started covering the stock on November 16, 2023. It rated TRV as “a Perform”.
Price Performance Review of TRV
On Friday, Travelers Companies Inc. [NYSE:TRV] saw its stock jump 1.05% to $230.89. Over the last five days, the stock has gained 0.33%. Travelers Companies Inc. shares have risen nearly 21.21% since the year began. Nevertheless, the stocks have risen 36.92% over the past one year. While a 52-week high of $232.75 was reached on 04/04/24, a 52-week low of $157.33 was recorded on 01/09/24. SMA at 50 days reached $220.01, while 200 days put it at $184.94. A total of 0.86 million shares were traded, compared to the trading of 1.21 million shares in the previous session.
Levels Of Support And Resistance For TRV Stock
The 24-hour chart illustrates a support level at 229.55, which if violated will result in even more drops to 228.21. On the upside, there is a resistance level at 231.92. A further resistance level may holdings at 232.94. The Relative Strength Index (RSI) on the 14-day chart is 69.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.13%. Stochastics %K at 79.00% indicates the stock is a holding.
How much short interest is there in Travelers Companies Inc.?
A steep rise in short interest was recorded in Travelers Companies Inc. stocks on Mar 15, 2024, growing by 0.15 million shares to a total of 3.66 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.51 million shares. There was a rise of 4.1%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.60% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.49.
The most recent change occurred on October 05, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $186 price target.
