Travelers Companies (NYSE:TRV) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Travelers Companies (NYSE:TRV) from a neutral rating to an overweight rating in a research report released on Friday morning, MarketBeat.com reports. They currently have $310.00 target price on the insurance provider’s stock, up from their prior target price of $259.00.

TRV has been the subject of several other reports. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company lifted their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a report on Friday, January 10th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $260.11.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $241.29 on Friday. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The stock has a market capitalization of $54.78 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.09 and a beta of 0.65. The firm has a fifty day moving average of $247.92 and a two-hundred day moving average of $237.30.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10,795,375 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.01 EPS. As a group, equities research analysts predict that Travelers Companies will post 20.33 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

Large investors have recently added to or reduced their stakes in the business. Financial Life Planners purchased a new position in Travelers Companies during the 4th quarter valued at about $82,000. Catalina Capital Group LLC lifted its stake in Travelers Companies by 6.1% in the fourth quarter. Catalina Capital Group LLC now owns 1,686 shares of the insurance provider’s stock worth $406,000 after acquiring an additional 97 shares during the period. Stock Yards Bank & Trust Co. boosted its holdings in Travelers Companies by 2.5% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 4,259 shares of the insurance provider’s stock valued at $1,026,000 after acquiring an additional 105 shares in the last quarter. CENTRAL TRUST Co increased its position in Travelers Companies by 6.0% during the 4th quarter. CENTRAL TRUST Co now owns 3,847 shares of the insurance provider’s stock valued at $927,000 after purchasing an additional 219 shares during the period. Finally, Greenleaf Trust lifted its position in shares of Travelers Companies by 1.8% in the 4th quarter. Greenleaf Trust now owns 10,497 shares of the insurance provider’s stock worth $2,529,000 after purchasing an additional 183 shares during the period. Hedge funds and other 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.