Travelers Companies (NYSE:TRV) Sets New 1-Year High on Analyst Upgrade

The Travelers Companies, Inc. (NYSE:TRVGet Rating) shares hit a new 52-week high on Tuesday after Morgan Stanley raised their price target on the stock from $175.00 to $190.00. Morgan Stanley currently has an equal weight rating on the stock. Travelers Companies traded as high as $188.38 and last traded at $188.17, with a volume of 6378 shares changing hands. The stock had previously closed at $185.55.

A number of other research analysts also recently issued reports on TRV. Barclays boosted their target price on shares of Travelers Companies from $164.00 to $178.00 and gave the company an “equal weight” rating in a research report on Thursday, October 20th. UBS Group decreased their target price on shares of Travelers Companies from $184.00 to $169.00 and set a “neutral” rating for the company in a research report on Monday, July 25th. Citigroup boosted their target price on shares of Travelers Companies from $179.00 to $181.00 and gave the company a “neutral” rating in a research report on Thursday, October 20th. Evercore ISI decreased their price objective on shares of Travelers Companies to $183.00 in a research report on Thursday, October 20th. Finally, MKM Partners upped their price objective on shares of Travelers Companies from $185.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $178.33.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $180.00, for a total transaction of $180,000.00. Following the completion of the transaction, the insider now owns 251,605 shares of the company’s stock, valued at approximately $45,288,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $180.00, for a total transaction of $180,000.00. Following the completion of the transaction, the insider now owns 251,605 shares of the company’s stock, valued at approximately $45,288,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 7,000 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $181.00, for a total transaction of $1,267,000.00. Following the transaction, the insider now directly owns 251,605 shares of the company’s stock, valued at approximately $45,540,505. The disclosure for this sale can be found here. Insiders sold a total of 46,516 shares of company stock valued at $8,461,942 in the last 90 days. Company insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its holdings in shares of Travelers Companies by 1.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock valued at $562,000 after purchasing an additional 58 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Travelers Companies by 2.3% in the 2nd quarter. International Assets Investment Management LLC now owns 2,580 shares of the insurance provider’s stock valued at $436,000 after purchasing an additional 59 shares in the last quarter. Evermay Wealth Management LLC raised its holdings in shares of Travelers Companies by 3.0% in the 3rd quarter. Evermay Wealth Management LLC now owns 2,050 shares of the insurance provider’s stock valued at $314,000 after purchasing an additional 60 shares in the last quarter. Mach 1 Financial Group LLC raised its holdings in shares of Travelers Companies by 1.7% in the 1st quarter. Mach 1 Financial Group LLC now owns 3,707 shares of the insurance provider’s stock valued at $677,000 after purchasing an additional 61 shares in the last quarter. Finally, SlateStone Wealth LLC raised its holdings in shares of Travelers Companies by 2.9% in the 3rd quarter. SlateStone Wealth LLC now owns 2,148 shares of the insurance provider’s stock valued at $329,000 after purchasing an additional 61 shares in the last quarter. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

The stock’s 50-day moving average is $170.12 and its 200 day moving average is $168.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $43.85 billion, a PE ratio of 13.68, a P/E/G ratio of 2.56 and a beta of 0.66.

Travelers Companies (NYSE:TRVGet Rating) last posted its quarterly earnings data on Wednesday, October 19th. The insurance provider reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.14). The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $8.58 billion. Travelers Companies had a net margin of 9.26% and a return on equity of 14.31%. Travelers Companies’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.60 earnings per share. As a group, equities analysts expect that The Travelers Companies, Inc. will post 13.13 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, December 8th. Travelers Companies’s dividend payout ratio is presently 27.19%.

About Travelers Companies

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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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