Travelers Companies (NYSE:TRV) Receives “Market Perform” Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Travelers Companies (NYSE:TRV) in a research note published on Friday morning, Benzinga reports.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $194.00 to $213.00 and gave the stock an underweight rating in a research report on Monday, April 8th. Citigroup lifted their price objective on Travelers Companies from $215.00 to $226.00 and gave the stock a neutral rating in a report on Tuesday. HSBC lifted their price objective on Travelers Companies from $218.00 to $240.00 and gave the stock a hold rating in a report on Thursday, April 4th. UBS Group lifted their price objective on Travelers Companies from $205.00 to $225.00 and gave the stock a neutral rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada dropped their price objective on Travelers Companies from $230.00 to $225.00 and set a sector perform rating on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of Hold and a consensus target price of $220.78.

Travelers Companies Stock Performance

Travelers Companies stock opened at $213.99 on Friday. The stock’s 50 day moving average price is $221.79 and its 200 day moving average price is $196.63. The firm has a market capitalization of $49.00 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.10 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results 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 company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $4.11 earnings per share. As a group, sell-side analysts expect that Travelers Companies will post 17.66 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 1.96%. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock valued at $23,343,903 over the last three months. Company insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRV. Price T Rowe Associates Inc. MD boosted its stake in Travelers Companies by 56.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,766,079 shares of the insurance provider’s stock valued at $1,288,871,000 after buying an additional 2,440,650 shares in the last quarter. Norges Bank acquired a new position in shares of Travelers Companies in the 4th quarter valued at $282,593,000. Barclays PLC boosted its position in shares of Travelers Companies by 215.5% in the 2nd quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock valued at $159,378,000 after purchasing an additional 626,837 shares during the period. Clearbridge Investments LLC boosted its position in shares of Travelers Companies by 15.8% in the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after purchasing an additional 623,974 shares during the period. Finally, Morgan Stanley boosted its position in shares of Travelers Companies by 19.6% in the 4th quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after purchasing an additional 539,294 shares during the period. 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.