Travelers Companies (NYSE:TRV) Hits New 12-Month High on Analyst Upgrade

The Travelers Companies, Inc. (NYSE:TRV) reached a new 52-week high during trading on Wednesday after BMO Capital Markets raised their price target on the stock from $379.00 to $388.00. BMO Capital Markets currently has a market perform rating on the stock. Travelers Companies traded as high as $399.71 and last traded at $398.8320, with a volume of 1,715,527 shares changing hands. The stock had previously closed at $395.73.

A number of other equities research analysts have also recently weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a research report on Monday. Piper Sandler upped their price objective on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $372.00 to $382.00 and gave the stock a “market perform” rating in a research report on Tuesday. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price for the company. in a report on Monday, July 20th. Finally, Roth Capital boosted their target price on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $364.32.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 6,000 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the sale, the executive vice president directly owned 118,742 shares in the company, valued at $43,917,916.12. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the sale, the executive vice president directly owned 5,298 shares in the company, valued at $2,048,789.58. This represents a 44.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,317 shares of company stock valued at $6,597,631 in the last three months. 1.39% of the stock is owned by corporate insiders.

Trending Headlines about Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, adding to the favorable analyst commentary following the company’s third-quarter earnings beat. Travelers Companies Stock Price Expected to Rise, Wells Fargo & Company Analyst Says
• Positive Sentiment: Truist Financial raised its price target for Travelers, providing another positive signal for the insurer’s valuation after its strong quarterly results. Travelers Companies Stock Gets Price Target Bump from Truist Financial
• Positive Sentiment: Travelers received a modest fair-value increase as analysts adjusted their estimates following the third-quarter report, which showed earnings and revenue well ahead of consensus expectations. Travelers Stock Sees Modest Fair Value Lift After Q3 Analyst Target Increases

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds have recently added to or reduced their stakes in TRV. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Travelers Companies in the second quarter valued at $4,447,000. Bank of Nova Scotia acquired a new position in Travelers Companies during the 2nd quarter worth $19,949,000. Haverford Trust Co acquired a new position in Travelers Companies during the 2nd quarter worth $1,723,000. Sumitomo Life Insurance Co. acquired a new position in Travelers Companies during the 2nd quarter worth $1,676,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in Travelers Companies by 34.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 13,006 shares of the insurance provider’s stock worth $3,794,000 after purchasing an additional 3,342 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.8%

The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The company has a market cap of $83.19 billion, a PE ratio of 10.46, a P/E/G ratio of 2.94 and a beta of 0.43. The company has a fifty day simple moving average of $369.55 and a two-hundred day simple moving average of $339.21.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.39 by $1.79. The business had revenue of $12.41 billion during the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $8.14 EPS. Analysts anticipate that The Travelers Companies, Inc. will post 34.61 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is 13.11%.

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.