In a filing, Travelers Companies Inc. revealed its EVP & President, Personal Ins. Klein Michael Frederick unloaded Company’s shares for reported $2.11 million on Jul 25 ’24. In the deal valued at $211.44 per share,10,000 shares were sold. As a result of this transaction, Klein Michael Frederick now holds 22,798 shares worth roughly $4.76 million.
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Then, Toczydlowski Gregory C sold 9,372 shares, generating $2,014,215 in total proceeds. Upon selling the shares at $214.92, the EVP & President, Business Ins. now owns 18,416 shares.
Before that, Klenk Jeffrey P. sold 3,635 shares. Travelers Companies Inc. shares valued at $776,727 were divested by the EVP & Pres., Bond & Spec. Ins. at a price of $213.68 per share. As a result of the transaction, Klenk Jeffrey P. now holds 6,075 shares, worth roughly $1.27 million.
TD Cowen downgraded its Travelers Companies Inc. [TRV] rating to a Hold from a a Buy in a research note published on July 15, 2024; the price target was decreased to $230 from $252. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in late June from “an Outperform” to “a Mkt perform”. Citigroup also remained covering TRV and has decreased its forecast on June 28, 2024 with a “Sell” recommendation from previously “Neutral” rating. TD Cowen started covering the stock on January 10, 2024. It rated TRV as “an Outperform”.
Price Performance Review of TRV
On Monday, Travelers Companies Inc. [NYSE:TRV] saw its stock fall -2.76% to $208.61. Over the last five days, the stock has lost -2.49%. Travelers Companies Inc. shares have risen nearly 9.51% since the year began. Nevertheless, the stocks have risen 23.15% 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 $209.92, while 200 days put it at $203.87. A total of 1.75 million shares were traded, compared to the trading of 1.85 million shares in the previous session.
Levels Of Support And Resistance For TRV Stock
The 24-hour chart illustrates a support level at 206.03, which if violated will result in even more drops to 203.44. On the upside, there is a resistance level at 211.60. A further resistance level may holdings at 214.58. The Relative Strength Index (RSI) on the 14-day chart is 46.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.05%. Stochastics%K at 40.26% indicates the stock is a holding.
The most recent change occurred on December 28, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $203 price target.
