Travelers Companies (NYSE:TRV) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Travelers Companies (NYSE:TRV) from a market perform rating to an outperform rating in a research note released on Wednesday morning, Marketbeat reports. Keefe, Bruyette & Woods currently has $286.00 target price on the insurance provider’s stock, up from their previous target price of $275.00.

TRV has been the subject of a number of other reports. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. Finally, HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $239.90 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $54.39 billion, a PE ratio of 11.17, a P/E/G ratio of 4.67 and a beta of 0.64. The firm has a fifty day simple moving average of $242.04 and a 200 day simple moving average of $241.51. Travelers Companies has a twelve month low of $200.21 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $7.01 earnings per share. On average, sell-side analysts forecast that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.75%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction 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 transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. Putney Financial Group LLC purchased a new stake in Travelers Companies during the 4th quarter valued at $26,000. YANKCOM Partnership purchased a new stake in shares of Travelers Companies in the 4th quarter worth about $27,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Travelers Companies in the 4th quarter worth about $30,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the 4th quarter worth about $37,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Travelers Companies during the 4th quarter valued at about $40,000. Institutional investors own 82.45% of the company’s stock.

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.