Travelers Companies (NYSE:TRV) Upgraded at StockNews.com

StockNews.com upgraded shares of Travelers Companies (NYSE:TRV) from a hold rating to a buy rating in a research note released on Sunday morning.

Several other equities research analysts have also weighed in on TRV. TD Cowen cut their target price on Travelers Companies from $261.00 to $252.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. The Goldman Sachs Group raised their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a sell rating in a report on Friday, April 12th. HSBC upped their target price on shares of Travelers Companies from $218.00 to $240.00 and gave the company a hold rating in a report on Thursday, April 4th. Oppenheimer reiterated a market perform rating on shares of Travelers Companies in a research note on Friday, April 5th. Finally, UBS Group decreased their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a neutral rating for the company in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $223.47.

Travelers Companies Stock Up 0.5 %

Travelers Companies stock opened at $216.97 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a 50 day moving average price of $220.64 and a 200 day moving average price of $201.34. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a market capitalization of $49.68 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter last year, the company earned $4.11 earnings per share. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. Research analysts expect that Travelers Companies will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 1.94%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is 29.72%.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at approximately $3,941,843.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. First Command Advisory Services Inc. bought a new position in shares of Travelers Companies in the 3rd quarter valued at about $26,000. Northwest Financial Advisors acquired a new position in Travelers Companies in the fourth quarter valued at approximately $32,000. AM Squared Ltd boosted its stake in Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Private Wealth Management Group LLC acquired a new stake in Travelers Companies during the 4th quarter worth $39,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $40,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

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.