Travelers Companies (NYSE:TRV) Hits New 1-Year High – What’s Next?

The Travelers Companies, Inc. (NYSE:TRV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $288.39 and last traded at $288.4790, with a volume of 130521 shares traded. The stock had previously closed at $286.02.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TRV. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $291.31.

Travelers Companies Stock Up 0.6%

The stock has a 50 day moving average price of $274.70 and a 200-day moving average price of $269.20. The stock has a market capitalization of $64.19 billion, a P/E ratio of 11.32, a PEG ratio of 2.38 and a beta of 0.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the previous year, the firm earned $5.24 EPS. Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio is presently 17.30%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,493,829. This trade represents a 48.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 50,392 shares of company stock valued at $13,945,170 over the last quarter. 1.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies during the first quarter worth about $26,000. Osterweis Capital Management Inc. raised its holdings in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. Missouri Trust & Investment Co increased its holdings in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the period. Delos Wealth Advisors LLC purchased a new stake in Travelers Companies during the second quarter valued at about $27,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Travelers Companies by 134.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

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.