Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Travelers Companies Inc. shares valued at $2,103,173 were sold by Yin Daniel Tei-Hwa on Feb 29 ’24. At $221.34 per share, Yin Daniel Tei-Hwa sold 9,502 shares. The insider’s holdings dropped to 58,817 shares worth approximately $13.2 million following the completion of this transaction.
Also, Rowland David Donnay sold 5,264 shares, netting a total of over 1,163,025 in proceeds. Following the sale of shares at $220.94 each, the insider now holds 7,865 shares.
Before that, Lefebvre Mojgan M had sold 18,716 shares from its account. In a trade valued at $4,117,511, the EVP & Chief Tech & Ops Officer traded Travelers Companies Inc. shares for $220.00 each. Upon closing the transaction, the insider’s holdings decreased to 18,716 shares, worth approximately $0.0.
As published in their initiating research note from TD Cowen on January 10, 2024, Travelers Companies Inc. [TRV] has been an Outperform and the price target has been revised to $247. Analysts at HSBC Securities started covering the stock with ‘”a Hold”‘ outlook in a report released in late December. As of December 20, 2023, Janney has initiated its “Buy” rating for TRV. Earlier on November 16, 2023, Oppenheimer initiated its rating. Their recommendation was “a Perform” for TRV stock.
Analyzing TRV Stock Performance
During the last five days, there has been a drop of approximately -2.04%. Over the course of the year, Travelers Companies Inc. shares have jumped approximately 17.79%. Shares of the company reached a 52-week high of $232.75 on 04/04/24 and a 52-week low of $189.87 on 01/09/24. A 50-day SMA is recorded $220.91, while a 200-day SMA reached $185.72. Nevertheless, trading volume fell to 1.09 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for Travelers Companies Inc. (TRV)
According to the 24-hour chart, there is a support level at 222.39, which, if violated, would cause prices to drop to 220.40. In the upper region, resistance lies at 225.66. The next price resistance is at 226.94. RSI (Relative Strength Index) is 49.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.14, which suggests the price will decrease in the coming days. Percent R is at 75.61%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Travelers Companies Inc. subject to short interest?
Stocks of Travelers Companies Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by 90000.0 shares to 3.35 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 3.44 million shares. A decline of -2.69% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.8 of the overall float, the days-to-cover ratio (short ratio) decline to 2.8.
