Travelers Companies (TRV) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Travelers Companies (NYSE: TRV) in the last few weeks:

• 10/23/2024 – Travelers Companies had its price target raised by analysts at Barclays PLC from $286.00 to $295.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Travelers Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/22/2024 – Travelers Companies had its price target raised by analysts at The Goldman Sachs Group, Inc. from $216.00 to $245.00. They now have a “sell” rating on the stock.
• 10/22/2024 – Travelers Companies had its price target raised by analysts at BMO Capital Markets from $233.00 to $270.00. They now have an “outperform” rating on the stock.
• 10/22/2024 – Travelers Companies had its price target raised by analysts at UBS Group AG from $244.00 to $270.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Travelers Companies had its price target raised by analysts at Keefe, Bruyette & Woods from $245.00 to $273.00. They now have a “market perform” rating on the stock.
• 10/21/2024 – Travelers Companies had its price target raised by analysts at Wells Fargo & Company from $207.00 to $256.00. They now have an “equal weight” rating on the stock.
• 10/21/2024 – Travelers Companies had its price target raised by analysts at Roth Mkm from $240.00 to $300.00. They now have a “buy” rating on the stock.
• 10/18/2024 – Travelers Companies had its price target raised by analysts at Royal Bank of Canada from $250.00 to $273.00. They now have a “sector perform” rating on the stock.
• 10/17/2024 – Travelers Companies had its price target raised by analysts at Bank of America Co. from $241.00 to $265.00. They now have an “underperform” rating on the stock.
• 10/15/2024 – Travelers Companies had its price target raised by analysts at UBS Group AG from $238.00 to $244.00. They now have a “neutral” rating on the stock.
• 10/15/2024 – Travelers Companies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/10/2024 – Travelers Companies had its price target raised by analysts at Bank of America Co. from $223.00 to $241.00. They now have an “underperform” rating on the stock.
• 10/10/2024 – Travelers Companies had its price target raised by analysts at Wells Fargo & Company from $206.00 to $207.00. They now have an “equal weight” rating on the stock.
• 10/9/2024 – Travelers Companies had its price target raised by analysts at The Goldman Sachs Group, Inc. from $196.00 to $216.00. They now have a “sell” rating on the stock.
• 10/9/2024 – Travelers Companies had its price target raised by analysts at Jefferies Financial Group Inc. from $210.00 to $235.00. They now have a “hold” rating on the stock.
• 9/28/2024 – Travelers Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/20/2024 – Travelers Companies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/12/2024 – Travelers Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/4/2024 – Travelers Companies is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $286.00 price target on the stock.

Travelers Companies Stock Performance

Shares of TRV traded up $0.75 during trading hours on Thursday, hitting $258.10. The company’s stock had a trading volume of 160,687 shares, compared to its average volume of 1,312,027. The company has a market cap of $58.59 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 1.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The business has a 50 day simple moving average of $234.71 and a two-hundred day simple moving average of $220.20. The Travelers Companies, Inc. has a 52-week low of $158.22 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $1.95 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post 18.24 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. Investors of record on Tuesday, December 10th will be paid 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 1.63%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Activity at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares in the company, valued at $446,671.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred on 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 sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds have recently bought and sold shares of TRV. Y.D. More Investments Ltd bought a new stake in Travelers Companies during the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC lifted its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. Finally, Tributary Capital Management LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $45,000. 82.45% of the stock is currently owned by institutional investors.

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.