Travelers Companies (NYSE:TRV) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Travelers Companies (NYSE:TRV) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

A number of other research analysts have also recently issued reports on TRV. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, UBS Group reduced their price objective on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $267.32.

Travelers Companies Trading Down 1.2%

TRV stock opened at $264.79 on Tuesday. The company has a market cap of $59.99 billion, a P/E ratio of 12.33, a PEG ratio of 4.65 and a beta of 0.53. Travelers Companies has a twelve month low of $200.21 and a twelve month high of $273.08. 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 business has a fifty day moving average of $257.88 and a 200-day moving average of $251.71.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the company posted $4.69 earnings per share. As a group, equities research analysts expect that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.66%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s payout ratio is presently 23.95%.

Institutional Trading of Travelers Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRV. Czech National Bank increased its position in Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after buying an additional 2,792 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in Travelers Companies by 10.4% during the 4th quarter. Aprio Wealth Management LLC now owns 1,075 shares of the insurance provider’s stock valued at $259,000 after purchasing an additional 101 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in Travelers Companies during the 4th quarter valued at about $218,000. Brookstone Capital Management boosted its stake in Travelers Companies by 13.2% during the 4th quarter. Brookstone Capital Management now owns 1,628 shares of the insurance provider’s stock valued at $392,000 after purchasing an additional 190 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in Travelers Companies by 7.1% during the 4th quarter. Capital Investment Advisors LLC now owns 1,509 shares of the insurance provider’s stock valued at $363,000 after purchasing an additional 100 shares during the last quarter. 82.45% of the stock is owned by 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.