Travelers Companies (TRV) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Travelers Companies (NYSE: TRV) in the last few weeks:

• 12/20/2024 – Travelers Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/11/2024 – Travelers Companies had its “underweight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $217.00 price target on the stock, down previously from $256.00.
• 12/10/2024 – Travelers Companies was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating.
• 12/10/2024 – Travelers Companies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/10/2024 – Travelers Companies was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $290.00 price target on the stock.
• 11/27/2024 – Travelers Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/21/2024 – Travelers Companies was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating. They now have a $280.00 price target on the stock.
• 11/18/2024 – Travelers Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/31/2024 – Travelers Companies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Travelers Companies Stock Performance

TRV traded up $1.52 during trading hours on Wednesday, reaching $242.88. The company’s stock had a trading volume of 329,168 shares, compared to its average volume of 1,315,729. The company’s 50-day moving average is $254.03 and its 200-day moving average is $232.02. The Travelers Companies, Inc. has a 52 week low of $185.27 and a 52 week high of $269.55. The firm has a market cap of $55.14 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.95 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 21.54%.

Insider Activity

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds have recently added to or reduced their stakes in TRV. Cambridge Investment Research Advisors Inc. increased its position in shares of Travelers Companies by 7.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 26,156 shares of the insurance provider’s stock worth $5,319,000 after purchasing an additional 1,867 shares during the period. HB Wealth Management LLC raised its position in shares of Travelers Companies by 3.7% in the 2nd quarter. HB Wealth Management LLC now owns 11,434 shares of the insurance provider’s stock valued at $2,325,000 after buying an additional 403 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $258,000. Ridgewood Investments LLC bought a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $87,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Travelers Companies by 7.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 105,239 shares of the insurance provider’s stock worth $21,399,000 after acquiring an additional 7,164 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

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.