Travelers Companies (NYSE:TRV) Given “Market Perform” Rating at William Blair

William Blair restated their market perform rating on shares of Travelers Companies (NYSE:TRV) in a research report report published on Friday morning, Marketbeat Ratings reports.

TRV has been the subject of several other reports. Royal Bank of Canada restated a sector perform rating and set a $225.00 target price on shares of Travelers Companies in a research note on Monday, June 24th. Oppenheimer restated a market perform rating on shares of Travelers Companies in a report on Friday, April 5th. Roth Mkm reiterated a buy rating and set a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. JMP Securities restated a market perform rating on shares of Travelers Companies in a research note on Friday, April 19th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $241.00 to $231.00 and set a market perform rating on the stock in a report on Thursday, April 18th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $221.12.

Travelers Companies Stock Performance

NYSE TRV opened at $203.34 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $232.75. The firm has a market capitalization of $46.56 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.10 and a beta of 0.62. The business’s 50-day simple moving average is $212.47 and its 200-day simple moving average is $211.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the prior year, the company posted $4.11 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts predict that Travelers Companies will post 17.59 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Monday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently made changes to their positions in TRV. Old Port Advisors increased its holdings in shares of Travelers Companies by 5.3% during the first quarter. Old Port Advisors now owns 1,301 shares of the insurance provider’s stock worth $299,000 after buying an additional 65 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Travelers Companies by 11.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 572 shares of the insurance provider’s stock valued at $121,000 after purchasing an additional 57 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in Travelers Companies in the 1st quarter valued at $35,000. Boston Partners boosted its stake in Travelers Companies by 16.4% in the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after purchasing an additional 196,011 shares in the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Travelers Companies by 75.3% during the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock worth $2,531,000 after purchasing an additional 4,724 shares during the last quarter. 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.