Travelers Companies (NYSE:TRV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Travelers Companies (NYSE:TRV) from a hold rating to a buy rating in a research note published on Saturday.

Other equities research analysts have also issued reports about the stock. Barclays set a $313.00 target price on shares of Travelers Companies in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $275.00 to $291.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Travelers Companies in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $290.11.

Travelers Companies Stock Performance

NYSE TRV opened at $270.45 on Friday. The stock has a market capitalization of $60.89 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 3.08 and a beta of 0.51. The business’s 50 day moving average is $273.82 and its two-hundred day moving average is $266.24. Travelers Companies has a 12-month low of $230.23 and a 12-month high of $287.95. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same period last year, the firm earned $2.51 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts expect that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, September 10th. Travelers Companies’s dividend payout ratio is 19.46%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.46% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC raised its holdings in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies in the first quarter valued at $26,000. Missouri Trust & Investment Co lifted its position in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Finally, Delos Wealth Advisors LLC acquired a new stake in Travelers Companies in the 2nd quarter worth about $27,000. 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.