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

StockNews.com upgraded shares of Travelers Companies (NYSE:TRVFree Report) from a hold rating to a buy rating in a research report sent to investors on Monday.

Several other analysts also recently weighed in on TRV. Oppenheimer started coverage on Travelers Companies in a report on Thursday, November 16th. They issued a market perform rating for the company. Jefferies Financial Group reduced their price objective on Travelers Companies from $180.00 to $176.00 and set a hold rating for the company in a research note on Friday, October 6th. Royal Bank of Canada upped their price objective on Travelers Companies from $185.00 to $210.00 and gave the company a sector perform rating in a research note on Monday. The Goldman Sachs Group upped their price objective on Travelers Companies from $166.00 to $186.00 and gave the company a sell rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft began coverage on Travelers Companies in a research note on Wednesday, October 4th. They set a hold rating and a $186.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of Hold and a consensus price target of $201.38.

View Our Latest Research Report on TRV

Travelers Companies Stock Down 0.0 %

Shares of NYSE:TRV traded down $0.09 on Monday, hitting $211.43. 1,317,417 shares of the company’s stock were exchanged, compared to its average volume of 1,686,352. The firm’s 50-day moving average is $188.29 and its 200 day moving average is $173.89. The company has a market capitalization of $48.29 billion, a PE ratio of 16.53, a P/E/G ratio of 1.05 and a beta of 0.58. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $215.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRVGet Free Report) last released its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $1.91. The business had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.40 EPS. Sell-side analysts predict that Travelers Companies will post 17.52 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, March 7th. Travelers Companies’s payout ratio is currently 31.27%.

Insider Activity at Travelers Companies

In related news, EVP Andy F. Bessette sold 3,797 shares of Travelers Companies stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $169.38, for a total value of $643,135.86. Following the transaction, the executive vice president now owns 13,005 shares in the company, valued at $2,202,786.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 270 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $178.00, for a total transaction of $48,060.00. Following the transaction, the insider now owns 255,178 shares in the company, valued at $45,421,684. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Andy F. Bessette sold 3,797 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $169.38, for a total value of $643,135.86. Following the transaction, the executive vice president now owns 13,005 shares in the company, valued at approximately $2,202,786.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,108 shares of company stock worth $10,030,794. 1.29% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $239,875,000. Barclays PLC increased its position in shares of Travelers Companies by 215.5% during the second quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock worth $159,378,000 after acquiring an additional 626,837 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after acquiring an additional 623,974 shares during the last quarter. Morgan Stanley increased its holdings in Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after buying an additional 539,294 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Travelers Companies by 1,826.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after buying an additional 486,098 shares during the last quarter. Institutional investors and hedge funds own 81.12% of the company’s stock.

About Travelers Companies

(Get Free Report)

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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