Travelers Companies (NYSE:TRV) Stock Rating Reaffirmed by JMP Securities

JMP Securities reiterated their market perform rating on shares of Travelers Companies (NYSE:TRV) in a report published on Friday, Benzinga reports.

Several other analysts have also commented on TRV. Morgan Stanley boosted their price target on Travelers Companies from $222.00 to $230.00 and gave the company an equal weight rating in a research note on Monday, April 15th. Raymond James lifted their price objective on Travelers Companies from $220.00 to $245.00 and gave the company a strong-buy rating in a research report on Monday, January 22nd. Royal Bank of Canada cut their price objective on Travelers Companies from $230.00 to $225.00 and set a sector perform rating for the company in a research report on Thursday. Evercore ISI cut their price objective on Travelers Companies from $253.00 to $250.00 and set an outperform rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group lifted their price objective on Travelers Companies from $186.00 to $212.00 and gave the company a sell rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $220.78.

Travelers Companies Price Performance

Shares of TRV stock opened at $213.99 on Friday. The stock’s fifty day simple moving average is $221.79 and its 200 day simple moving average is $196.63. 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 firm has a market cap of $49.00 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.10 and a beta of 0.58. Travelers Companies has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company 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%. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.11 EPS. On average, analysts expect that Travelers Companies will post 17.66 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. Travelers Companies’s payout ratio is presently 29.72%.

Insider Buying and Selling at Travelers Companies

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 stock was 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 directly owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,775 shares of company stock valued at $23,343,903. Company insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TRV. First Command Advisory Services Inc. bought a new stake in Travelers Companies during the third quarter worth about $26,000. Arlington Trust Co LLC bought a new stake in Travelers Companies during the third quarter worth about $27,000. FWL Investment Management LLC bought a new stake in Travelers Companies during the fourth quarter worth about $28,000. Quarry LP bought a new stake in Travelers Companies during the first quarter worth about $31,000. Finally, Northwest Financial Advisors bought a new stake in Travelers Companies during the fourth quarter worth about $32,000. 82.45% of the stock is owned by institutional investors and hedge funds.

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.