Travelers Companies (NYSE:TRV) Hits New 12-Month High at $227.93

Shares of The Travelers Companies, Inc. (NYSE:TRV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $227.93 and last traded at $227.36, with a volume of 68902 shares. The stock had previously closed at $225.33.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of Travelers Companies in a report on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 price objective on the stock. HSBC assumed coverage on shares of Travelers Companies in a research note on Thursday, December 28th. They issued a “hold” rating and a $203.00 price objective on the stock. Royal Bank of Canada raised their price objective on shares of Travelers Companies from $185.00 to $210.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. UBS Group raised their price objective on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Finally, Janney Montgomery Scott initiated coverage on shares of Travelers Companies in a research report on Wednesday, December 20th. They set a “buy” rating and a $215.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $201.38.

Travelers Companies Stock Up 0.6 %

The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm’s 50 day simple moving average is $217.79 and its 200-day simple moving average is $189.99. The stock has a market capitalization of $52.73 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.19 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, topping the consensus estimate of $5.10 by $1.91. The company had revenue of $10.93 billion for the quarter, compared to analyst estimates of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. Travelers Companies’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.40 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.67 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.00 annualized dividend and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio is presently 31.27%.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 26,633 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares in the company, valued at approximately $54,291,671.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Paul E. Munson sold 2,121 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the sale, the senior vice president now directly owns 719 shares of the company’s stock, valued at approximately $153,046.34. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock worth $23,343,903 in the last ninety days. Insiders own 1.29% of the company’s stock.

Institutional Trading of Travelers Companies

A number of institutional investors have recently bought and sold shares of TRV. Fairfield Bush & CO. bought a new stake in Travelers Companies in the 1st quarter valued at about $160,000. Cibc World Market Inc. boosted its holdings in Travelers Companies by 28.8% in the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock valued at $1,084,000 after purchasing an additional 1,327 shares during the period. Vontobel Holding Ltd. boosted its holdings in Travelers Companies by 1.0% in the 1st quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after purchasing an additional 115 shares during the period. Blair William & Co. IL boosted its holdings in Travelers Companies by 40.6% in the 1st quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock valued at $9,420,000 after purchasing an additional 14,873 shares during the period. Finally, Sei Investments Co. boosted its holdings in Travelers Companies by 5.0% in the 1st quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock valued at $4,952,000 after purchasing an additional 1,286 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.