Roth Mkm Reiterates Buy Rating for Travelers Companies (NYSE:TRV)

Roth Mkm reaffirmed their buy rating on shares of Travelers Companies (NYSE:TRV) in a research note released on Thursday morning, Benzinga reports. The firm currently has a $240.00 target price on the insurance provider’s stock.

Several other analysts have also recently issued reports on the company. The Goldman Sachs Group upped their target price on Travelers Companies from $186.00 to $212.00 and gave the company a sell rating in a report on Friday, April 12th. HSBC raised their price objective on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a hold rating in a research report on Thursday, April 4th. StockNews.com upgraded shares of Travelers Companies from a hold rating to a buy rating in a report on Friday, March 29th. Citigroup raised their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a neutral rating in a report on Tuesday. Finally, UBS Group upped their price objective on Travelers Companies from $205.00 to $225.00 and gave the company a neutral rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $218.39.

Travelers Companies Stock Performance

NYSE TRV opened at $210.46 on Thursday. The stock’s 50 day simple moving average is $221.80 and its 200-day simple moving average is $196.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $48.22 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $232.75.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.11 EPS. As a group, equities research analysts anticipate that Travelers Companies will post 17.62 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Monday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is currently 29.72%.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the sale, the insider now directly owns 255,178 shares in the company, valued at $54,878,580.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Paul E. Munson sold 2,121 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the sale, the senior vice president now owns 719 shares of the company’s stock, valued at $153,046.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 4,500 shares of Travelers Companies stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,775 shares of company stock valued at $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently bought and sold shares of the stock. First Command Advisory Services Inc. acquired a new stake in Travelers Companies in the third quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter valued at approximately $27,000. FWL Investment Management LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of Travelers Companies in the 1st quarter valued at $31,000. Finally, Northwest Financial Advisors purchased a new stake in shares of Travelers Companies during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About Travelers Companies

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.