Travelers Companies (NYSE:TRV) Hits New 52-Week High at $243.48

Shares of The Travelers Companies, Inc. (NYSE:TRV) hit a new 52-week high on Tuesday . The stock traded as high as $243.48 and last traded at $240.55, with a volume of 107231 shares trading hands. The stock had previously closed at $242.26.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research reports. Barclays initiated coverage on Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price for the company. Bank of America raised their target price on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Citigroup raised their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Finally, TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and decreased their price target for the company from $252.00 to $230.00 in a research report on Monday, July 15th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $227.05.

Travelers Companies Price Performance

The stock has a market cap of $54.89 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.22 and a beta of 0.62. The stock has a fifty day simple moving average of $220.31 and a 200-day simple moving average of $217.29. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 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 business earned $0.06 EPS. Travelers Companies’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.75%. Travelers Companies’s payout ratio is 31.20%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently made changes to their positions in TRV. Gryphon Financial Partners LLC grew its stake in shares of Travelers Companies by 35.4% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,381 shares of the insurance provider’s stock worth $444,000 after purchasing an additional 623 shares during the period. Level Four Advisory Services LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $463,000. Brown Advisory Inc. grew its stake in shares of Travelers Companies by 2.4% during the fourth quarter. Brown Advisory Inc. now owns 36,246 shares of the insurance provider’s stock worth $6,905,000 after purchasing an additional 836 shares during the period. Norges Bank acquired a new position in Travelers Companies in the fourth quarter valued at about $282,593,000. Finally, Coldstream Capital Management Inc. grew its stake in Travelers Companies by 2.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,539 shares of the insurance provider’s stock valued at $674,000 after acquiring an additional 75 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

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.