Travelers Companies (NYSE:TRV) Stock Rating Upgraded by Piper Sandler

Piper Sandler upgraded shares of Travelers Companies (NYSE:TRV) from a neutral rating to an overweight rating in a research report released on Friday morning, Marketbeat Ratings reports. They currently have $310.00 price objective on the insurance provider’s stock, up from their prior price objective of $259.00.

A number of other equities research analysts have also recently commented on the company. Keefe, Bruyette & Woods decreased their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research report on Wednesday, January 8th. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. Jefferies Financial Group boosted their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays cut their price objective on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $260.11.

Travelers Companies Price Performance

Shares of TRV opened at $241.29 on Friday. The firm’s 50-day simple moving average is $248.31 and its two-hundred day simple moving average is $236.80. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The stock has a market cap of $54.78 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $7.01 earnings per share. Analysts anticipate that Travelers Companies will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,670 shares of company stock valued at $4,861,329 in the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Institutional investors have recently added to or reduced their stakes in the stock. AE Wealth Management LLC boosted its stake in Travelers Companies by 51.1% in the 2nd quarter. AE Wealth Management LLC now owns 1,994 shares of the insurance provider’s stock valued at $406,000 after buying an additional 674 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Travelers Companies by 39.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock valued at $3,182,000 after purchasing an additional 4,466 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Travelers Companies by 15.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the insurance provider’s stock worth $143,000 after purchasing an additional 87 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Travelers Companies by 7.6% in the second quarter. Evergreen Capital Management LLC now owns 2,080 shares of the insurance provider’s stock valued at $423,000 after buying an additional 147 shares in the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in Travelers Companies by 13.5% during the second quarter. Insigneo Advisory Services LLC now owns 1,742 shares of the insurance provider’s stock worth $363,000 after buying an additional 207 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

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.