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

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

Several other brokerages have also commented on TRV. BMO Capital Markets upped their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. HSBC raised Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. Royal Bank of Canada boosted their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Piper Sandler reduced their price target on shares of Travelers Companies from $280.00 to $259.00 and set a "neutral" rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $255.10.

Travelers Companies Price Performance

TRV traded up $1.21 during trading on Thursday, reaching $242.89. The company's stock had a trading volume of 1,373,267 shares, compared to its average volume of 1,203,719. The company has a market cap of $55.14 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.17 and a beta of 0.65. The firm has a fifty day simple moving average of $250.99 and a two-hundred day simple moving average of $234.44. Travelers Companies has a 1 year low of $189.87 and a 1 year high of $269.55. 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 (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the company earned $1.95 EPS. The company's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts anticipate that Travelers Companies will post 18.84 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $1.05 per share. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies's payout ratio is 21.54%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares of the company's stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CWA Asset Management Group LLC lifted its holdings in Travelers Companies by 25.2% in the 4th quarter. CWA Asset Management Group LLC now owns 2,367 shares of the insurance provider's stock worth $570,000 after buying an additional 476 shares in the last quarter. Pensionfund Sabic grew its position in shares of Travelers Companies by 21.1% during the 4th quarter. Pensionfund Sabic now owns 6,900 shares of the insurance provider's stock valued at $1,662,000 after buying an additional 1,200 shares during the last quarter. Nordea Investment Management AB raised its stake in Travelers Companies by 15.6% during the fourth quarter. Nordea Investment Management AB now owns 645,650 shares of the insurance provider's stock worth $155,008,000 after acquiring an additional 86,928 shares during the period. GAMMA Investing LLC lifted its holdings in Travelers Companies by 12.7% in the fourth quarter. GAMMA Investing LLC now owns 7,055 shares of the insurance provider's stock worth $1,699,000 after acquiring an additional 797 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock valued at $61,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

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.