Travelers Companies (NYSE:TRV) Sets New 52-Week High at $234.10

Shares of The Travelers Companies, Inc. (NYSE:TRV) hit a new 52-week high on Thursday . The stock traded as high as $234.10 and last traded at $231.36, with a volume of 27492 shares trading hands. The stock had previously closed at $231.42.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TRV shares. Morgan Stanley dropped their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. JPMorgan Chase & Co. increased their price target on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Barclays started coverage on Travelers Companies in a report on Wednesday. They set an “overweight” rating and a $286.00 price objective on the stock. Finally, StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $227.05.

Travelers Companies Trading Up 1.1 %

The firm has a market cap of $53.69 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a fifty day moving average of $214.78 and a 200-day moving average of $216.32.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter in the previous year, the business posted $0.06 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.79%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently bought and sold shares of TRV. JPMorgan Chase & Co. grew its stake in shares of Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares during the last quarter. Norges Bank bought a new position in shares of Travelers Companies in the fourth quarter valued at $282,593,000. Acadian Asset Management LLC lifted its position in shares of Travelers Companies by 356.4% during the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after acquiring an additional 678,241 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Travelers Companies during the 1st quarter worth $88,190,000. Finally, Boston Partners grew its holdings in shares of Travelers Companies by 42.5% in the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after acquiring an additional 355,489 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

About Travelers Companies

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.