Travelers Companies (TRV) Given “Buy” Rating at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Travelers Companies (NYSE:TRV) in a research note released on Wednesday morning. They currently have a $152.00 price objective on the insurance provider’s stock.
Several other equities research analysts have also commented on TRV. Barclays boosted their price target on Travelers Companies from $119.00 to $122.00 and gave the stock an equal weight rating in a research note on Friday, August 11th. Royal Bank Of Canada reissued a buy rating and set a $135.00 price target on shares of Travelers Companies in a research note on Monday, August 21st. ValuEngine raised Travelers Companies from a hold rating to a buy rating in a research note on Friday, September 1st. Zacks Investment Research lowered Travelers Companies from a hold rating to a sell rating in a research note on Tuesday, September 5th. Finally, Buckingham Research started coverage on Travelers Companies in a research note on Monday, September 11th. They issued a buy rating and a $136.00 target price on the stock. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $132.18.
Shares of Travelers Companies (NYSE TRV) opened at $133.75 on Wednesday. The company has a market capitalization of $36,732.73, a P/E ratio of 16.39, a PEG ratio of 2.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41. Travelers Companies has a 52 week low of $113.76 and a 52 week high of $137.95.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The firm had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. Travelers Companies’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.40 EPS. research analysts expect that Travelers Companies will post 6.76 earnings per share for the current fiscal year.
Travelers Companies declared that its Board of Directors has authorized a share repurchase program on Monday, September 11th that allows the company to buyback outstanding shares. This buyback authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Friday, December 8th. Travelers Companies’s payout ratio is currently 33.45%.
In other Travelers Companies news, EVP Maria Olivo sold 33,225 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total transaction of $4,458,130.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Andy F. Bessette sold 2,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total value of $265,960.00. Following the transaction, the executive vice president now directly owns 8,000 shares in the company, valued at approximately $1,063,840. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,302 shares of company stock worth $7,347,753. Corporate insiders own 0.82% of the company’s stock.
Several institutional investors have recently modified their holdings of TRV. Tradewinds Capital Management LLC increased its holdings in shares of Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares during the last quarter. Community Bank N.A. increased its holdings in shares of Travelers Companies by 0.7% during the 2nd quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock worth $181,000 after buying an additional 10 shares during the last quarter. First Business Financial Services Inc. increased its holdings in shares of Travelers Companies by 0.5% during the 2nd quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock worth $552,000 after buying an additional 20 shares during the last quarter. Lee Danner & Bass Inc. increased its holdings in shares of Travelers Companies by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 6,574 shares of the insurance provider’s stock worth $832,000 after buying an additional 24 shares during the last quarter. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of Travelers Companies by 1.0% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 3,032 shares of the insurance provider’s stock worth $384,000 after buying an additional 29 shares during the last quarter. 78.52% of the stock is currently owned by institutional investors.
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About Travelers Companies
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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