Investment Analysts’ Recent Ratings Updates for Travelers Companies (TRV)

A number of firms have modified their ratings and price targets on shares of Travelers Companies (NYSE: TRV) recently:

  • 1/25/2023 – Travelers Companies had its price target raised by analysts at Royal Bank of Canada from $190.00 to $195.00.
  • 1/25/2023 – Travelers Companies had its price target raised by analysts at Raymond James from $200.00 to $220.00.
  • 1/19/2023 – Travelers Companies is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $212.00 price target on the stock.
  • 1/19/2023 – Travelers Companies had its price target lowered by analysts at Barclays PLC from $197.00 to $196.00. They now have an “equal weight” rating on the stock.
  • 1/10/2023 – Travelers Companies was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $220.00 price target on the stock, up previously from $183.00.
  • 1/10/2023 – Travelers Companies had its price target raised by analysts at Piper Sandler from $182.00 to $190.00.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded down $2.51 during trading on Wednesday, hitting $190.74. 2,154,451 shares of the company were exchanged, compared to its average volume of 1,509,400. The company has a market cap of $44.70 billion, a PE ratio of 13.94, a P/E/G ratio of 2.31 and a beta of 0.65. The stock has a 50 day moving average of $187.90 and a 200 day moving average of $173.67. The Travelers Companies, Inc. has a 52-week low of $149.65 and a 52-week high of $194.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRVGet Rating) last posted its earnings results on Tuesday, January 24th. The insurance provider reported $3.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.40. The firm had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.78 billion. Travelers Companies had a return on equity of 14.31% and a net margin of 9.26%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.20 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 12.41 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $3.72 annualized dividend and a dividend yield of 1.95%. Travelers Companies’s dividend payout ratio is currently 27.19%.

Insiders Place Their Bets

In related news, EVP Daniel Tei-Hwa Yin sold 5,234 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $188.48, for a total value of $986,504.32. Following the sale, the executive vice president now owns 48,756 shares in the company, valued at $9,189,530.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP David Donnay Rowland sold 7,554 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $187.70, for a total value of $1,417,885.80. Following the sale, the executive vice president now owns 8,174 shares in the company, valued at $1,534,259.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Tei-Hwa Yin sold 5,234 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $188.48, for a total value of $986,504.32. Following the completion of the sale, the executive vice president now owns 48,756 shares in the company, valued at approximately $9,189,530.88. The disclosure for this sale can be found here. Insiders have sold a total of 61,969 shares of company stock worth $11,503,468 over the last 90 days. Corporate insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently added to or reduced their stakes in the company. First PREMIER Bank purchased a new stake in Travelers Companies during the third quarter valued at about $26,000. Massmutual Trust Co. FSB ADV raised its position in Travelers Companies by 57.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 183 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. James Investment Research Inc. purchased a new stake in Travelers Companies during the second quarter valued at about $33,000. Bogart Wealth LLC raised its position in Travelers Companies by 76.5% during the second quarter. Bogart Wealth LLC now owns 210 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 91 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Travelers Companies during the third quarter valued at about $34,000. Hedge funds and other institutional investors own 81.59% of the company’s stock.

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.

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