Travelers Companies (NYSE:TRV) Upgraded at HSBC

HSBC upgraded shares of Travelers Companies (NYSE:TRV) from a hold rating to a buy rating in a research note released on Tuesday, MarketBeat reports. The brokerage currently has $290.00 target price on the insurance provider’s stock.

Other equities research analysts also recently issued reports about the company. Roth Mkm increased their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Jefferies Financial Group increased their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, UBS Group increased their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $251.70.

Travelers Companies Stock Performance

Shares of TRV opened at $243.86 on Tuesday. The stock has a 50 day moving average price of $252.61 and a 200 day moving average price of $229.94. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $55.36 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.19 and a beta of 0.63. Travelers Companies has a 52-week low of $181.03 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 earnings per share. Research analysts predict that Travelers Companies will post 18.83 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.72%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insiders Place Their Bets

In other news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies during the second quarter worth $25,000. Wolff Wiese Magana LLC raised its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the period. True Wealth Design LLC acquired a new position in Travelers Companies during the third quarter valued at $41,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies during the third quarter valued at $50,000. Finally, Salomon & Ludwin LLC raised its position in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares during the period. 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.