Travelers Companies (NYSE:TRV) Reaches New 52-Week High Following Analyst Upgrade

The Travelers Companies, Inc. (NYSE:TRV)’s share price reached a new 52-week high during trading on Tuesday after StockNews.com upgraded the stock from a hold rating to a buy rating. The company traded as high as $243.63 and last traded at $243.24, with a volume of 473011 shares trading hands. The stock had previously closed at $240.12.

TRV has been the subject of several other reports. Bank of America raised their price objective on Travelers Companies from $223.00 to $241.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 price objective on shares of Travelers Companies in a research note on Monday, July 22nd. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Jefferies Financial Group raised their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $231.63.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelers Companies

Large investors have recently modified their holdings of the business. Y.D. More Investments Ltd acquired a new position in Travelers Companies in the second quarter worth about $25,000. Pathway Financial Advisers LLC acquired a new position in Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC lifted its holdings in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Travelers Companies in the first quarter worth about $42,000. Finally, Tributary Capital Management LLC bought a new position in Travelers Companies in the first quarter worth about $45,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s fifty day simple moving average is $229.08 and its 200-day simple moving average is $218.90. The stock has a market cap of $54.91 billion, a P/E ratio of 15.23, a PEG ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the prior year, the business earned $0.06 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.08 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were issued a dividend of $1.05 per share. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.74%. Travelers Companies’s payout ratio is 26.55%.

About Travelers Companies

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.