The Travelers Companies, Inc. (TRV) Upgraded by BidaskClub to Buy
The Travelers Companies, Inc. (NYSE:TRV) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.
Other analysts have also issued reports about the company. Royal Bank Of Canada restated a “buy” rating and issued a $126.00 target price on shares of The Travelers Companies in a research note on Monday, May 22nd. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Monday, April 24th. Citigroup Inc. raised their target price on The Travelers Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, April 7th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $115.00 target price on shares of The Travelers Companies in a research note on Thursday, May 25th. Finally, Barclays PLC restated a “hold” rating and issued a $119.00 target price on shares of The Travelers Companies in a research note on Sunday, February 19th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $121.08.
The Travelers Companies (TRV) traded up 0.33% during midday trading on Friday, reaching $129.44. 2,471,303 shares of the company traded hands. The Travelers Companies has a 12-month low of $103.45 and a 12-month high of $129.60. The company has a 50-day moving average price of $122.94 and a 200-day moving average price of $120.86. The company has a market cap of $36.17 billion, a price-to-earnings ratio of 12.73 and a beta of 1.19.
The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 20th. The insurance provider reported $2.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.40 by $0.24. The Travelers Companies had a net margin of 10.55% and a return on equity of 12.01%. The business had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.25 billion. During the same quarter last year, the business posted $2.33 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that The Travelers Companies will post $9.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be issued a dividend of $0.72 per share. The ex-dividend date is Wednesday, June 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.22%. This is a boost from The Travelers Companies’s previous quarterly dividend of $0.67. The Travelers Companies’s dividend payout ratio (DPR) is 28.40%.
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In other The Travelers Companies news, COO Brian W. Maclean sold 87,916 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $120.01, for a total transaction of $10,550,799.16. Following the transaction, the chief operating officer now owns 210,602 shares in the company, valued at $25,274,346.02. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $125.21, for a total value of $690,908.78. Following the transaction, the insider now owns 82,824 shares in the company, valued at approximately $10,370,393.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,674 shares of company stock worth $19,727,201. Company insiders own 0.82% of the company’s stock.
A number of institutional investors have recently modified their holdings of TRV. Radnor Capital Management LLC bought a new position in shares of The Travelers Companies during the fourth quarter worth about $424,000. ING Groep NV boosted its position in shares of The Travelers Companies by 52.5% in the fourth quarter. ING Groep NV now owns 96,128 shares of the insurance provider’s stock worth $11,755,000 after buying an additional 33,086 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of The Travelers Companies during the fourth quarter worth about $1,535,000. Burney Co. boosted its position in shares of The Travelers Companies by 5.1% in the fourth quarter. Burney Co. now owns 90,910 shares of the insurance provider’s stock worth $11,129,000 after buying an additional 4,395 shares during the period. Finally, Comerica Bank boosted its position in shares of The Travelers Companies by 4.9% in the fourth quarter. Comerica Bank now owns 114,306 shares of the insurance provider’s stock worth $13,379,000 after buying an additional 5,314 shares during the period. Hedge funds and other institutional investors own 78.07% of the company’s stock.
About The Travelers Companies
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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