May 29, 2024

Travelers Companies (NYSE:TRVGet Rating) had its price objective upped by Raymond James from $185.00 to $200.00 in a report issued on Thursday morning, The Fly reports. They currently have a strong-buy rating on the insurance provider’s stock.

A number of other equities analysts also recently weighed in on the company. Morgan Stanley cut their target price on Travelers Companies from $181.00 to $175.00 and set an equal weight rating on the stock in a research note on Friday, August 19th. Wolfe Research restated a peer perform rating on shares of Travelers Companies in a research note on Thursday, June 23rd. StockNews.com assumed coverage on Travelers Companies in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Royal Bank of Canada cut their target price on Travelers Companies from $183.00 to $165.00 in a research note on Friday, July 22nd. Finally, UBS Group cut their target price on Travelers Companies from $184.00 to $169.00 and set a neutral rating on the stock in a research note on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies has an average rating of Hold and a consensus target price of $177.00.

Travelers Companies Price Performance

TRV stock opened at $174.30 on Thursday. The company has a market capitalization of $41.36 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 2.54 and a beta of 0.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a 52-week low of $145.40 and a 52-week high of $187.98. The business has a 50-day simple moving average of $163.39 and a two-hundred day simple moving average of $167.33.

Travelers Companies (NYSE:TRVGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.14). The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $8.58 billion. Travelers Companies had a net margin of 9.26% and a return on equity of 14.31%. Travelers Companies’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 EPS. Research analysts expect that Travelers Companies will post 13.13 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $3.72 dividend on an annualized basis and a yield of 2.13%. Travelers Companies’s payout ratio is 27.19%.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 2,945 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $168.33, for a total value of $495,731.85. Following the transaction, the executive vice president now owns 1,020 shares of the company’s stock, valued at $171,696.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Fiduciary Trust Co. grew its position in Travelers Companies by 1.6% in the first quarter. Fiduciary Trust Co. now owns 6,431 shares of the insurance provider’s stock worth $1,175,000 after acquiring an additional 99 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Travelers Companies by 1.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,040,422 shares of the insurance provider’s stock worth $175,967,000 after acquiring an additional 11,097 shares in the last quarter. Core Alternative Capital grew its position in Travelers Companies by 24.8% in the second quarter. Core Alternative Capital now owns 418 shares of the insurance provider’s stock worth $71,000 after acquiring an additional 83 shares in the last quarter. Kings Point Capital Management grew its position in Travelers Companies by 60.7% in the first quarter. Kings Point Capital Management now owns 180 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 68 shares in the last quarter. Finally, Graypoint LLC grew its position in Travelers Companies by 115.5% in the first quarter. Graypoint LLC now owns 2,974 shares of the insurance provider’s stock worth $543,000 after acquiring an additional 1,594 shares in the last quarter. Institutional investors own 82.39% of the company’s stock.

Travelers Companies Company Profile

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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.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)



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