Travelers Companies (NYSE:TRV) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Travelers Companies (NYSE:TRV) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Several other analysts also recently issued reports on TRV. BMO Capital Markets boosted their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America raised their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $247.90.

Travelers Companies Stock Down 0.1 %

Travelers Companies stock opened at $245.64 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a one year low of $165.84 and a one year high of $269.55. The company has a 50-day simple moving average of $239.19 and a 200-day simple moving average of $221.60. The firm has a market capitalization of $55.77 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.18 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the business earned $1.95 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts expect that Travelers Companies will post 18.53 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.71%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock worth $16,580,166 over the last ninety days. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Several institutional investors have recently modified their holdings of TRV. Ledyard National Bank boosted its stake in Travelers Companies by 1.9% during the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after buying an additional 39 shares in the last quarter. Trueblood Wealth Management LLC boosted its position in shares of Travelers Companies by 2.3% during the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after acquiring an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. increased its stake in Travelers Companies by 2.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after acquiring an additional 42 shares during the period. Willner & Heller LLC raised its position in Travelers Companies by 4.1% in the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 45 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its stake in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds 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.