Travelers Companies (NYSE:TRV) Hits New 52-Week High – Should You Buy?

The Travelers Companies, Inc. (NYSE:TRV)’s share price reached a new 52-week high during trading on Friday. The stock traded as high as $418.00 and last traded at $406.5720, with a volume of 253 shares. The stock had previously closed at $403.18.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $372.00 to $382.00 and gave the company a “market perform” rating in a research report on Tuesday, October 20th. Evercore lowered their price objective on Travelers Companies from $372.00 to $342.00 in a research report on Wednesday, October 28th. BMO Capital Markets raised their price objective on shares of Travelers Companies from $379.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 20th. Truist Financial lifted their target price on shares of Travelers Companies from $425.00 to $435.00 and gave the company a “buy” rating in a report on Monday, October 19th. Finally, Jefferies Financial Group boosted their target price on shares of Travelers Companies from $351.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $370.83.

Travelers Companies Stock Up 0.4%

The company has a market cap of $82.99 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 2.76 and a beta of 0.40. The business has a fifty day moving average of $380.32 and a two-hundred day moving average of $335.21. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, beating the consensus estimate of $7.39 by $1.79. The company had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. Travelers Companies’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $8.14 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.11%.

Insider Buying and Selling

In other Travelers Companies news, EVP Mojgan Lefebvre sold 11,000 shares of the stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total transaction of $4,332,240.00. Following the transaction, the executive vice president directly owned 11,000 shares of the company’s stock, valued at $4,332,240. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andy Bessette sold 3,000 shares of Travelers Companies stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $399.35, for a total transaction of $1,198,050.00. Following the completion of the sale, the executive vice president owned 18,285 shares in the company, valued at approximately $7,302,114.75. This trade represents a 14.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 195,287 shares of company stock worth $77,818,050 in the last 90 days. 1.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently bought and sold shares of the company. Xcelsior Advisor Partners LLC purchased a new position in shares of Travelers Companies in the third quarter valued at approximately $216,000. Elgethun Capital Management increased its position in shares of Travelers Companies by 6.8% during the third quarter. Elgethun Capital Management now owns 991 shares of the insurance provider’s stock worth $353,000 after purchasing an additional 63 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Travelers Companies by 7.5% during the third quarter. Bleakley Financial Group LLC now owns 13,178 shares of the insurance provider’s stock worth $4,698,000 after purchasing an additional 922 shares in the last quarter. One Wealth Advisors LLC raised its stake in Travelers Companies by 6.9% in the 3rd quarter. One Wealth Advisors LLC now owns 1,310 shares of the insurance provider’s stock valued at $467,000 after purchasing an additional 84 shares during the last quarter. Finally, N.F.U. MUTUAL UNIT MANAGERS Ltd acquired a new position in Travelers Companies in the 3rd quarter valued at $2,093,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

About Travelers Companies

The Travelers Companies, Inc. is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance. The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.