Travelers Companies (NYSE:TRV) Rating Increased to Overweight at Piper Sandler

Piper Sandler upgraded shares of Travelers Companies (NYSE:TRV) from a neutral rating to an overweight rating in a research report sent to investors on Friday, MarketBeat.com reports. Piper Sandler currently has $310.00 price objective on the insurance provider’s stock, up from their previous price objective of $259.00.

Several other equities analysts have also issued reports on TRV. UBS Group upped their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday. Finally, Barclays reduced their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $260.11.

Travelers Companies Trading Down 0.1 %

Shares of Travelers Companies stock opened at $241.29 on Friday. Travelers Companies has a 52-week low of $200.21 and a 52-week high of $269.55. The firm has a market capitalization of $54.78 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The company’s fifty day moving average price is $248.31 and its two-hundred day moving average price is $236.80.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10,795,375 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $7.01 earnings per share. On average, analysts expect that Travelers Companies will post 20.33 EPS for the current year.

Travelers Companies Announces Dividend

The firm 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 $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,670 shares of company stock worth $4,861,329 over the last quarter. Corporate insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Several hedge funds have recently modified their holdings of the stock. AE Wealth Management LLC boosted its holdings in Travelers Companies by 51.1% during the second quarter. AE Wealth Management LLC now owns 1,994 shares of the insurance provider’s stock worth $406,000 after purchasing an additional 674 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Travelers Companies by 39.9% in the second quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock valued at $3,182,000 after acquiring an additional 4,466 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Travelers Companies by 15.2% in the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the insurance provider’s stock worth $143,000 after purchasing an additional 87 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of Travelers Companies by 7.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,080 shares of the insurance provider’s stock worth $423,000 after buying an additional 147 shares during the last quarter. Finally, Insigneo Advisory Services LLC boosted its holdings in shares of Travelers Companies by 13.5% in the 2nd quarter. Insigneo Advisory Services LLC now owns 1,742 shares of the insurance provider’s stock worth $363,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

About Travelers Companies

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.