Travelers Companies (NYSE:TRV) Raised to Buy at StockNews.com

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

A number of other equities analysts have also issued reports on TRV. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Evercore ISI upped their target price on Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company increased their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a report on Thursday. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research note on Monday, March 24th. Finally, Jefferies Financial Group raised their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $267.32.

Travelers Companies Trading Up 1.4 %

Travelers Companies stock opened at $256.05 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $58.05 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The stock has a 50-day moving average of $252.15 and a two-hundred day moving average of $249.22. Travelers Companies has a one year low of $200.21 and a one year high of $269.56.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. During the same period last year, the business earned $4.69 EPS. On average, research analysts anticipate that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is 23.95%.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of TRV. Ameriflex Group Inc. acquired a new stake in Travelers Companies in the 4th quarter valued at about $26,000. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. YANKCOM Partnership purchased a new position in Travelers Companies during the fourth quarter worth approximately $27,000. Kapitalo Investimentos Ltda acquired a new position in Travelers Companies during the fourth quarter worth $30,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in Travelers Companies in the 4th quarter valued at $33,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.