Travelers Companies (NYSE:TRV) Reaches New 52-Week High at $243.48

The Travelers Companies, Inc. (NYSE:TRV)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $243.48 and last traded at $240.55, with a volume of 107231 shares trading hands. The stock had previously closed at $242.26.

Analyst Ratings Changes

A number of equities analysts have issued reports on TRV shares. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Morgan Stanley reduced their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, Citigroup boosted their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $227.05.

Travelers Companies Stock Performance

The stock has a market capitalization of $55.36 billion, a P/E ratio of 17.85, a PEG ratio of 1.22 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $218.89 and a two-hundred day moving average price of $216.97.

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

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB raised its position in Travelers Companies by 38.7% in the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after purchasing an additional 95,451 shares during the period. Focus Financial Network Inc. ADV purchased a new stake in Travelers Companies during the 4th quarter valued at about $1,973,000. Cetera Investment Advisers grew its position in Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after acquiring an additional 35,560 shares during the last quarter. Wellington Management Group LLP lifted its position in Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after purchasing an additional 25,575 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in Travelers Companies by 552.8% in the fourth quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock valued at $31,631,000 after purchasing an additional 140,622 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

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.