The Travelers Companies (NYSE:TRV) Hits New 52-Week High Following Analyst Upgrade


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The Travelers Companies, Inc. (NYSE:TRV)’s stock price hit a new 52-week high during trading on Wednesday after Morgan Stanley raised their price target on the stock from $134.00 to $150.00. Morgan Stanley currently has an underweight rating on the stock. The Travelers Companies traded as high as $142.36 and last traded at $142.34, with a volume of 37203 shares traded. The stock had previously closed at $140.42.

TRV has been the topic of a number of other reports. Barclays initiated coverage on shares of The Travelers Companies in a research report on Tuesday, November 17th. They set an “overweight” rating and a $150.00 target price on the stock. MKM Partners raised their target price on shares of The Travelers Companies from $140.00 to $160.00 in a research report on Friday, November 27th. ValuEngine lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Thursday, January 7th. Zacks Investment Research upgraded shares of The Travelers Companies from a “strong sell” rating to a “hold” rating and set a $106.00 price objective on the stock in a research note on Thursday, October 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of The Travelers Companies from $129.00 to $136.00 and gave the company an “underweight” rating in a research note on Monday, January 4th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $126.25.

Several institutional investors have recently modified their holdings of TRV. Dimension Capital Management LLC purchased a new position in The Travelers Companies in the third quarter valued at $30,000. Hudock Inc. increased its holdings in The Travelers Companies by 416.7% in the third quarter. Hudock Inc. now owns 310 shares of the insurance provider’s stock valued at $33,000 after buying an additional 250 shares in the last quarter. CX Institutional increased its holdings in The Travelers Companies by 201.2% in the fourth quarter. CX Institutional now owns 253 shares of the insurance provider’s stock valued at $36,000 after buying an additional 169 shares in the last quarter. Perpetual Ltd purchased a new position in The Travelers Companies in the third quarter valued at $41,000. Finally, McIlrath & Eck LLC increased its holdings in The Travelers Companies by 15.0% in the third quarter. McIlrath & Eck LLC now owns 615 shares of the insurance provider’s stock valued at $67,000 after buying an additional 80 shares in the last quarter. 81.33% of the stock is owned by hedge funds and other institutional investors.

The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The business’s fifty day simple moving average is $137.04 and its two-hundred day simple moving average is $122.56. The company has a market cap of $36.03 billion, a PE ratio of 16.26, a PEG ratio of 2.06 and a beta of 0.85.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, October 20th. The insurance provider reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.21. The Travelers Companies had a net margin of 5.81% and a return on equity of 7.20%. The company had revenue of $7.77 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts predict that The Travelers Companies, Inc. will post 8.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th were issued a $0.85 dividend. The ex-dividend date was Wednesday, December 9th. This represents a $3.40 dividend on an annualized basis and a yield of 2.39%. The Travelers Companies’s payout ratio is 35.42%.

About The Travelers Companies (NYSE:TRV)

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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