Travelers Companies (NYSE:TRV) Given Buy Rating at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Travelers Companies (NYSE:TRV) in a report released on Thursday, Benzinga reports. The firm currently has a $240.00 price target on the insurance provider’s stock.

Several other research firms also recently commented on TRV. Janney Montgomery Scott assumed coverage on Travelers Companies in a report on Wednesday, December 20th. They issued a buy rating and a $215.00 price objective on the stock. Morgan Stanley increased their price objective on Travelers Companies from $222.00 to $230.00 and gave the company an equal weight rating in a research note on Monday. Oppenheimer restated a market perform rating on shares of Travelers Companies in a report on Friday, April 5th. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an underweight rating in a report on Monday, April 8th. Finally, Royal Bank of Canada raised their price target on shares of Travelers Companies from $185.00 to $210.00 and gave the stock a sector perform rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of Hold and an average target price of $218.39.

Travelers Companies Trading Up 1.9 %

Shares of Travelers Companies stock opened at $210.46 on Thursday. The company has a 50 day simple moving average of $221.80 and a two-hundred day simple moving average of $196.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $48.22 billion, a PE ratio of 15.64, a PEG ratio of 1.08 and a beta of 0.58. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.11 earnings per share. Analysts expect that Travelers Companies will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.00%. Travelers Companies’s payout ratio is 29.72%.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 26,633 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the transaction, the insider now directly owns 255,178 shares in the company, valued at approximately $54,291,671.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 over the last 90 days. 1.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. First Command Advisory Services Inc. bought a new stake in Travelers Companies in the 3rd quarter worth approximately $26,000. Arlington Trust Co LLC bought a new stake in shares of Travelers Companies in the third quarter worth $27,000. FWL Investment Management LLC purchased a new stake in Travelers Companies during the fourth quarter valued at $28,000. Quarry LP purchased a new stake in Travelers Companies during the first quarter valued at $31,000. Finally, Northwest Financial Advisors bought a new position in Travelers Companies in the fourth quarter valued at about $32,000. 82.45% of the stock is owned by hedge funds and other 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.