Travelers Companies (NYSE:TRV) Sets New 52-Week High – Time to Buy?

The Travelers Companies, Inc. (NYSE:TRV)’s stock price reached a new 52-week high during trading on Wednesday. The company traded as high as $407.95 and last traded at $408.0930, with a volume of 1,041,801 shares. The stock had previously closed at $395.41.

Analyst Ratings Changes

TRV has been the subject of several research reports. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $339.00 to $350.00 in a research report on Monday, July 20th. Wells Fargo & Company upped their price target on Travelers Companies from $341.00 to $377.00 and gave the company an “equal weight” rating in a research report on Monday, October 19th. Weiss Ratings upgraded Travelers Companies from a “buy (a)” rating to a “buy (a+)” rating in a research note on Friday, October 9th. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and lifted their price objective for the stock from $288.00 to $297.00 in a report on Monday, July 13th. Finally, Zacks Research downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $370.83.

Travelers Companies Stock Down 1.9%

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s fifty day simple moving average is $377.66 and its 200-day simple moving average is $332.77. The stock has a market cap of $80.97 billion, a P/E ratio of 10.36, a PEG ratio of 2.83 and a beta of 0.40.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, beating the consensus estimate of $7.39 by $1.79. The company had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $8.14 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 36.27 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s payout ratio is currently 13.11%.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 9,016 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total value of $3,656,619.12. Following the sale, the executive vice president directly owned 6,075 shares in the company, valued at approximately $2,463,837.75. This trade represents a 59.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Maria Olivo sold 15,100 shares of the business’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $398.44, for a total transaction of $6,016,444.00. Following the transaction, the executive vice president directly owned 103,642 shares of the company’s stock, valued at approximately $41,295,118.48. This trade represents a 12.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 195,287 shares of company stock worth $77,818,050 over the last 90 days. Insiders own 1.39% of the company’s stock.

Institutional Trading of Travelers Companies

A number of large investors have recently modified their holdings of TRV. Whipplewood Advisors LLC acquired a new position in Travelers Companies during the first quarter worth $26,000. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies during the second quarter valued at $26,000. Kilter Group LLC bought a new position in shares of Travelers Companies during the second quarter valued at $26,000. Latitude Advisors LLC acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at $28,000. Finally, Delos Wealth Advisors LLC acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.