Travelers Companies (NYSE:TRV) Upgraded 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 note published on Friday morning.

A number of other research analysts also recently issued reports on TRV. TD Cowen downgraded shares of Travelers Companies from a buy rating to a hold rating and dropped their target price for the company from $252.00 to $230.00 in a research report on Monday, July 15th. JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an underweight rating in a research report on Thursday, July 11th. William Blair reiterated a market perform rating on shares of Travelers Companies in a research report on Friday, June 28th. Piper Sandler lowered their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a neutral rating on the stock in a report on Monday, July 22nd. Finally, Royal Bank of Canada restated a sector perform rating and set a $225.00 price objective on shares of Travelers Companies in a report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of Hold and an average price target of $227.05.

Travelers Companies Trading Up 0.3 %

NYSE:TRV opened at $239.35 on Friday. The firm’s fifty day moving average is $221.94 and its 200-day moving average is $217.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $243.48. The firm has a market cap of $54.81 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the previous year, the firm earned $0.06 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. Equities analysts expect that Travelers Companies will post 17.19 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.75%. Travelers Companies’s payout ratio is currently 31.20%.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies in the second quarter worth about $25,000. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC lifted its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Travelers Companies in the first quarter worth about $42,000. Finally, Tributary Capital Management LLC purchased a new stake in Travelers Companies in the first quarter valued at approximately $45,000. 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.