Travelers Companies (NYSE:TRV) Raised to "Buy" at HSBC

HSBC upgraded shares of Travelers Companies (NYSE:TRV - Free Report) from a hold rating to a buy rating in a report published on Tuesday morning, Marketbeat Ratings reports. HSBC currently has $290.00 price objective on the insurance provider's stock.

TRV has been the subject of several other reports. BMO Capital Markets upped their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Roth Mkm upped their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Janney Montgomery Scott downgraded shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective for the company. in a report on Thursday, November 21st. Finally, Bank of America lifted their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $253.65.

Travelers Companies Stock Performance

TRV traded down $3.22 during midday trading on Tuesday, reaching $247.65. The company had a trading volume of 2,024,891 shares, compared to its average volume of 1,303,745. The business has a 50-day moving average of $252.16 and a two-hundred day moving average of $229.59. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a 1 year low of $180.44 and a 1 year high of $269.55. The company has a market cap of $56.22 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.24 and a beta of 0.63.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm's revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 EPS. As a group, equities research analysts predict that Travelers Companies will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.70%. Travelers Companies's payout ratio is currently 21.54%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the company's stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock valued at $20,295,856 in the last ninety days. Corporate insiders own 1.33% of the company's stock.

Institutional Investors Weigh In On Travelers Companies

Institutional investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies during the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC raised its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new stake in Travelers Companies in the third quarter valued at about $41,000. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies in the third quarter worth about $50,000. Finally, Salomon & Ludwin LLC grew its stake in shares of Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock worth $65,000 after acquiring an additional 50 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.