Travelers Companies (NYSE:TRV) Upgraded at StockNews.com

StockNews.com upgraded shares of Travelers Companies (NYSE:TRV) from a hold rating to a buy rating in a research report report published on Friday.

Other equities research analysts also recently issued research reports about the stock. William Blair reiterated a market perform rating on shares of Travelers Companies in a research note on Friday, June 28th. TD Cowen cut shares of Travelers Companies from a buy rating to a hold rating and lowered their price target for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft raised their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a hold rating in a report on Wednesday, August 7th. Bank of America raised their price objective on Travelers Companies from $202.00 to $223.00 and gave the stock an underperform rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the company an underweight rating in a report on Thursday, July 11th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $227.05.

Travelers Companies Trading Up 0.4 %

Shares of NYSE:TRV opened at $238.53 on Friday. The company has a 50 day moving average price of $221.42 and a 200 day moving average price of $217.53. The stock has a market capitalization of $54.62 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.26 and a beta of 0.62. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $243.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter last year, the company posted $0.06 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that Travelers Companies will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s payout ratio is 31.20%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Acadian Asset Management LLC lifted its position in Travelers Companies by 356.4% during the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after buying an additional 678,241 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in Travelers Companies during the first quarter worth about $88,190,000. Point72 Asset Management L.P. raised its stake in Travelers Companies by 6,167.2% during the fourth quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock valued at $63,596,000 after buying an additional 328,527 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Travelers Companies by 324.9% in the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after purchasing an additional 230,612 shares during the last quarter. Hedge funds and other institutional investors own 82.45% 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. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.