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 report published on Thursday morning.

TRV has been the topic of a number of other reports. Jefferies Financial Group increased their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Piper Sandler decreased their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Roth Mkm upped their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a report on Thursday, November 21st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $254.85.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $232.53 on Thursday. The firm has a market capitalization of $52.79 billion, a P/E ratio of 11.92, a PEG ratio of 1.17 and a beta of 0.65. Travelers Companies has a 52 week low of $191.88 and a 52 week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $250.73 and a 200 day moving average price of $234.77.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the company posted $1.95 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Sell-side analysts expect that Travelers Companies will post 18.84 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Insider Activity

In other news, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 over the last 90 days. 1.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after buying an additional 120,228 shares during the last quarter. FMR LLC lifted its stake in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Travelers Companies by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after purchasing an additional 114,714 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after purchasing an additional 165,708 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after purchasing an additional 37,029 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About Travelers Companies

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.