Travelers Companies (NYSE:TRV) Rating Increased to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Travelers Companies (NYSE:TRV - Free Report) from a market perform rating to an outperform rating in a report released on Wednesday, Marketbeat reports. They currently have $286.00 price target on the insurance provider's stock, up from their prior price target of $275.00.

A number of other analysts have also commented on TRV. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Janney Montgomery Scott lowered 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, Barclays boosted their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus price target of $261.05.

Travelers Companies Trading Down 0.6 %

Shares of NYSE:TRV traded down $1.34 during midday trading on Wednesday, reaching $239.90. The company's stock had a trading volume of 1,191,565 shares, compared to its average volume of 1,314,717. The firm has a market capitalization of $54.39 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 4.67 and a beta of 0.64. 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 firm has a 50 day moving average price of $242.17 and a two-hundred day moving average price of $241.29. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company posted $7.01 EPS. The firm's revenue was up 9.9% compared to the same quarter last year. As a group, analysts forecast that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.75%. Travelers Companies's payout ratio is 19.56%.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently made changes to their positions in TRV. Putney Financial Group LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter worth $27,000. Kapitalo Investimentos Ltda bought a new position in shares of Travelers Companies in the fourth quarter worth $30,000. Generali Investments Management Co LLC bought a new position in shares of Travelers Companies in the fourth quarter worth $37,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Travelers Companies in the fourth quarter worth $40,000. Hedge funds and other 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.