Travelers Companies (NYSE:TRV – Free Report) had its price objective boosted by Mizuho from $345.00 to $371.00 in a research report report published on Tuesday, MarketBeat Ratings reports. Mizuho currently has a neutral rating on the insurance provider’s stock.
A number of other research firms have also recently issued reports on TRV. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research report on Friday, October 16th. UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Monday. Bank of America raised their target price on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research report on Monday, July 20th. Piper Sandler lifted their price target on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, HSBC boosted their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $364.32.
Get Our Latest Research Report on Travelers Companies
Travelers Companies Trading Up 1.7%
Shares of TRV opened at $405.64 on Tuesday. The stock’s 50-day moving average price is $370.83 and its 200 day moving average price is $340.73. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $83.14 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 2.81 and a beta of 0.43. Travelers Companies has a 12-month low of $264.25 and a 12-month high of $407.87.
Travelers Companies (NYSE:TRV – Get Free Report) last announced its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The company had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. During the same quarter last year, the company earned $8.14 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts predict that Travelers Companies will post 35.65 earnings per share for the current year.
Travelers Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies’s payout ratio is presently 13.11%.
Insider Activity at Travelers Companies
In other news, EVP Maria Olivo sold 15,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $398.44, for a total value of $6,016,444.00. Following the sale, the executive vice president directly owned 103,642 shares in the company, valued at approximately $41,295,118.48. This represents a 12.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael Klein sold 7,500 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $392.79, for a total value of $2,945,925.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $17,724,648.75. The trade was a 14.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 28,600 shares of company stock worth $11,181,529. Corporate insiders own 1.39% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Capital Investment Advisors LLC boosted its stake in shares of Travelers Companies by 1.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 3,672 shares of the insurance provider’s stock valued at $1,309,000 after purchasing an additional 39 shares in the last quarter. Beaumont Financial Advisors LLC grew its holdings in shares of Travelers Companies by 2.4% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 1,347 shares of the insurance provider’s stock worth $480,000 after purchasing an additional 31 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Travelers Companies by 6.1% in the 3rd quarter. Wedbush Securities Inc. now owns 3,113 shares of the insurance provider’s stock worth $1,110,000 after purchasing an additional 178 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Travelers Companies by 3.4% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,362 shares of the insurance provider’s stock worth $1,555,000 after purchasing an additional 142 shares in the last quarter. Finally, XXI Wealth LLC increased its position in shares of Travelers Companies by 13.0% during the 3rd quarter. XXI Wealth LLC now owns 1,223 shares of the insurance provider’s stock worth $436,000 after purchasing an additional 141 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Travelers Companies
Here are the key news stories impacting Travelers Companies this week:
- Positive Sentiment: Keefe, Bruyette & Woods, Mizuho, and JPMorgan Chase each raised their price targets for Travelers, signaling greater confidence in the insurer’s earnings outlook and supporting the stock’s recent strength. Keefe, Bruyette & Woods price target article Mizuho price target article JPMorgan price target article
- Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, while Truist Financial also increased its price target. These revisions add to the positive analyst momentum around the company. Wells Fargo analyst article Truist Financial price target article
- Positive Sentiment: A recent investment article highlighted Travelers’ strong underwriting profitability, noting that the company retains roughly 16 cents of each premium dollar as underwriting profit. Its latest reported quarter also exceeded consensus estimates for both earnings and revenue, reinforcing the investment case. Insurance stocks investment article
- Neutral Sentiment: Analyst views remain mixed: BMO Capital assigned a Hold rating, while Barclays issued a Sell rating. The split suggests valuation and future growth remain areas of debate despite the recent target increases. BMO Hold rating Barclays Sell rating
- Negative Sentiment: Travelers executives Michael Klein and Maria Olivo sold a combined 22,600 shares worth approximately $9 million. Although both retained substantial holdings, the sales reduce insider ownership and may create a modest negative signal for investors. Michael Klein SEC filing Maria Olivo SEC filing
About Travelers Companies
Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.
Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.
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