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

The Travelers Companies, Inc. (NYSE:TRV) reached a new 52-week high during mid-day trading on Tuesday after StockNews.com upgraded the stock from a hold rating to a buy rating. The stock traded as high as $243.63 and last traded at $243.24, with a volume of 473011 shares changing hands. The stock had previously closed at $240.12.

Several other research analysts have also recently issued reports on TRV. Barclays started coverage on Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their target price for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Finally, Jefferies Financial Group boosted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $231.63.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.33% of the stock is owned by company insiders.

Institutional Trading of Travelers Companies

A number of institutional investors have recently bought and sold shares of the business. Magnus Financial Group LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at approximately $230,000. Swedbank AB raised its position in shares of Travelers Companies by 8.2% in the 3rd quarter. Swedbank AB now owns 123,619 shares of the insurance provider’s stock valued at $28,942,000 after buying an additional 9,377 shares in the last quarter. Cornell Pochily Investment Advisors Inc. raised its position in shares of Travelers Companies by 2.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after buying an additional 42 shares in the last quarter. Creative Planning raised its position in shares of Travelers Companies by 3.5% in the 3rd quarter. Creative Planning now owns 84,571 shares of the insurance provider’s stock valued at $19,800,000 after buying an additional 2,875 shares in the last quarter. Finally, CX Institutional raised its position in shares of Travelers Companies by 1,264.7% in the 3rd quarter. CX Institutional now owns 18,996 shares of the insurance provider’s stock valued at $4,447,000 after buying an additional 17,604 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.3 %

The firm’s 50-day moving average price is $229.08 and its 200 day moving average price is $218.90. The company has a market capitalization of $54.91 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.23 and a beta of 0.62. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.08 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 26.55%.

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.