Travelers Companies (NYSE:TRV) Sees Large Volume Increase

The Travelers Companies, Inc. (NYSE:TRV) shares saw unusually-strong trading volume on Friday . Approximately 610,710 shares traded hands during trading, a decline of 54% from the previous session’s volume of 1,325,835 shares.The stock last traded at $165.39 and had previously closed at $165.96.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRV. Wells Fargo & Company increased their target price on Travelers Companies from $183.00 to $185.00 in a research report on Thursday, July 20th. Citigroup increased their target price on Travelers Companies from $188.00 to $191.00 and gave the company a “neutral” rating in a research report on Monday, July 24th. StockNews.com began coverage on Travelers Companies in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $185.00 target price on shares of Travelers Companies in a research report on Friday, July 21st. Finally, Royal Bank of Canada raised their price objective on Travelers Companies from C$183.00 to C$185.00 in a report on Thursday, July 20th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.08.

Travelers Companies Stock Down 0.7 %

The business has a 50-day moving average of $166.43 and a 200-day moving average of $172.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $37.73 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.39 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.99). The business had revenue of $10.10 billion for the quarter, compared to analyst estimates of $9.97 billion. Travelers Companies had a return on equity of 10.75% and a net margin of 5.77%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.57 earnings per share. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 12.01 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, September 7th. Travelers Companies’s payout ratio is presently 42.60%.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $175.05, for a total value of $1,750,500.00. Following the completion of the transaction, the executive vice president now owns 14,080 shares in the company, valued at approximately $2,464,704. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.29% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its stake in Travelers Companies by 569.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,579,476 shares of the insurance provider’s stock valued at $60,732,000 after buying an additional 2,193,923 shares during the last quarter. Norges Bank purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $239,875,000. Price T Rowe Associates Inc. MD lifted its stake in Travelers Companies by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,820,386 shares of the insurance provider’s stock valued at $1,466,244,000 after buying an additional 829,918 shares during the last quarter. Prostatis Group LLC purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $839,000. Finally, Bahl & Gaynor Inc. lifted its stake in Travelers Companies by 17,864.0% in the first quarter. Bahl & Gaynor Inc. now owns 698,799 shares of the insurance provider’s stock valued at $119,781,000 after buying an additional 694,909 shares during the last quarter. Hedge funds and other institutional investors own 81.12% of the company’s stock.

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.