The Travelers Companies (TRV) : The short interest in The Travelers Companies (TRV) has increased from 6,779,276 to 7,645,324 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,189,447 shares are traded daily in the stock and only 6 days are left for the shorts to cover. The short open interest is 2.7% of the total shares in the hands of the public. The shorts in the stock have gone up by 866,048 shares, which is an increase of 12.8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
The Travelers Companies (NYSE:TRV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $116.66 and $115.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $117.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $117.11, notching a gain of 0.41% for the day. The total traded volume was 1,013,986 . The stock had closed at $116.63 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Benet Jay S, officer (Vice Chairman and CFO) of Travelers Companies, Inc., had unloaded 5,797 shares at an average price of $118.58 in a transaction dated on August 15, 2016. The total value of the transaction was worth $687,408.
The Travelers Companies, Inc. is a holding company. Through its subsidiaries, the Company is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, Government units, associations and individuals. The Company has three operating segments: Business and International Insurance segment, Bond & Specialty Insurance segment and the Personal Insurance segment. Business and International Insurance segment offers a range of property and casualty insurance and insurance related services to its customers, primarily in the United States, as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world. Bond & Specialty Insurance segment provides surety, crime, management and professional liability coverages, and related risk management services. Personal Insurance segment includes a range of property and casualty insurance covering individuals personal risks.