Travelers Companies (NYSE:TRV) Sets New 12-Month High – Here’s What Happened

The Travelers Companies, Inc. (NYSE:TRV) shares reached a new 52-week high on Monday . The stock traded as high as $329.92 and last traded at $329.58, with a volume of 135729 shares traded. The stock had previously closed at $327.37.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TRV shares. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Roth Mkm reiterated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Barclays cut Travelers Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $331.00 to $295.00 in a research note on Friday, June 12th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $309.07.

Travelers Companies Stock Performance

The firm’s 50 day simple moving average is $304.48 and its 200-day simple moving average is $297.02. The company has a market capitalization of $70.28 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 2.99 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.Travelers Companies’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were paid a dividend of $1.25 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

Insider Buying and Selling

In related news, EVP Diane Kurtzman sold 2,867 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the transaction, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. The trade was a 35.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the transaction, the insider owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,573 shares of company stock worth $11,504,146 over the last ninety days. 1.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds have recently modified their holdings of TRV. Sapient Capital LLC acquired a new stake in Travelers Companies during the first quarter valued at $247,000. FAS Wealth Partners Inc. increased its holdings in Travelers Companies by 4.7% in the first quarter. FAS Wealth Partners Inc. now owns 16,080 shares of the insurance provider’s stock worth $4,690,000 after buying an additional 718 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in Travelers Companies by 21.4% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 1,214 shares of the insurance provider’s stock worth $354,000 after buying an additional 214 shares during the last quarter. DV Trading LLC bought a new position in Travelers Companies during the first quarter valued at approximately $245,000. Finally, Parallel Advisors LLC raised its position in Travelers Companies by 1.9% during the first quarter. Parallel Advisors LLC now owns 7,183 shares of the insurance provider’s stock valued at $2,095,000 after acquiring an additional 131 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.