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Shares of Travelers Have Risen Above Previous 52-Week High

Published on Thu, 02/28/2013 - 15:19
By Adrienne Chilton

Travelers (NYSE:TRV) traded today at a new 52-week high of $81.25. Approximately 1 million shares have changed hands today, as compared to an average 30-day volume of 2.1 million shares.

The Travelers Companies, Inc. provides commercial property casualty insurance and asset management services to businesses, government units, associations and individuals. The Company underwrites homeowners and auto insurance through independent agents.

Travelers has overhead space with shares priced $81.07, or 2.5% below the average consensus analyst price target of $83.18. The stock should discover initial support at its 50-day moving average (MA) of $76.57 and subsequent support at its 200-day MA of $68.84.

Over the past year, Travelers has traded in a range of $55.86 to $81.25 and is now at $81.07, 45% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.

By Adrienne Chilton