Travelers Companies (NYSE:TRV) Sets New 1-Year High – Here’s Why
by Scott Moore · The Cerbat GemThe Travelers Companies, Inc. (NYSE:TRV – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $313.57 and last traded at $312.8560, with a volume of 179470 shares trading hands. The stock had previously closed at $307.81.
Analysts Set New Price Targets
Several brokerages have recently issued reports on TRV. Roth Mkm restated a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Evercore reissued an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. BMO Capital Markets boosted their target price on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price target for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $309.07.
View Our Latest Research Report on TRV
Travelers Companies Stock Performance
The stock has a market capitalization of $67.45 billion, a P/E ratio of 9.44, a PEG ratio of 2.80 and a beta of 0.48. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $301.91 and a two-hundred day moving average price of $295.41.
Travelers Companies (NYSE:TRV – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. The company had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. Travelers Companies’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.91 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 28 earnings per share for the current year.
Travelers Companies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.
Insider Transactions at Travelers Companies
In related news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider owned 259,590 shares in the company, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 37,573 shares of company stock valued at $11,504,146. Corporate insiders own 1.39% of the company’s stock.
Institutional Trading of Travelers Companies
A number of large investors have recently modified their holdings of the business. Arbejdsmarkedets Tillaegspension purchased a new stake in Travelers Companies during the 4th quarter valued at $24,167,000. Rit Capital Partners PLC purchased a new position in shares of Travelers Companies in the 4th quarter worth $39,450,000. Elo Mutual Pension Insurance Co grew its holdings in shares of Travelers Companies by 24.9% in the third quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock worth $9,737,000 after acquiring an additional 6,954 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Travelers Companies by 17.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock worth $261,616,000 after acquiring an additional 133,152 shares during the period. Finally, AIA Group Ltd purchased a new stake in Travelers Companies during the third quarter valued at $1,773,000. Institutional investors own 82.45% of the company’s stock.
About Travelers Companies
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.