Travelers Companies (TRV) – Analysts’ Recent Ratings Updates

Posted by Darlene League on May 2nd, 2024

Several brokerages have updated their recommendations and price targets on shares of Travelers Companies (NYSE: TRV) in the last few weeks:

4/27/2024 – Travelers Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
4/23/2024 – Travelers Companies had its price target lowered by analysts at TD Cowen from $261.00 to $252.00. They now have a “buy” rating on the stock.
4/22/2024 – Travelers Companies had its price target lowered by analysts at UBS Group AG from $237.00 to $230.00. They now have a “neutral” rating on the stock.
4/19/2024 – Travelers Companies had its “market perform” rating reaffirmed by analysts at JMP Securities.
4/19/2024 – Travelers Companies had its price target lowered by analysts at Jefferies Financial Group Inc. from $222.00 to $219.00. They now have a “hold” rating on the stock.
4/18/2024 – Travelers Companies had its price target lowered by analysts at Royal Bank of Canada from $230.00 to $225.00. They now have a “sector perform” rating on the stock.
4/18/2024 – Travelers Companies had its price target lowered by analysts at Evercore ISI from $253.00 to $250.00. They now have an “outperform” rating on the stock.
4/18/2024 – Travelers Companies had its price target lowered by analysts at Keefe, Bruyette & Woods from $241.00 to $231.00. They now have a “market perform” rating on the stock.
4/18/2024 – Travelers Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
4/18/2024 – Travelers Companies had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $240.00 price target on the stock.
4/16/2024 – Travelers Companies had its price target raised by analysts at Citigroup Inc. from $215.00 to $226.00. They now have a “neutral” rating on the stock.
4/15/2024 – Travelers Companies had its price target raised by analysts at Morgan Stanley from $222.00 to $230.00. They now have an “equal weight” rating on the stock.
4/12/2024 – Travelers Companies had its price target raised by analysts at The Goldman Sachs Group, Inc. from $186.00 to $212.00. They now have a “sell” rating on the stock.
4/11/2024 – Travelers Companies had its price target raised by analysts at Evercore ISI from $230.00 to $253.00. They now have an “outperform” rating on the stock.
4/10/2024 – Travelers Companies had its price target raised by analysts at Keefe, Bruyette & Woods from $215.00 to $241.00. They now have a “market perform” rating on the stock.
4/8/2024 – Travelers Companies had its price target raised by analysts at JPMorgan Chase & Co. from $194.00 to $213.00. They now have an “underweight” rating on the stock.
4/5/2024 – Travelers Companies had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
4/4/2024 – Travelers Companies had its price target raised by analysts at HSBC Holdings plc from $218.00 to $240.00. They now have a “hold” rating on the stock.
4/1/2024 – Travelers Companies had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $213.00 price target on the stock.
3/29/2024 – Travelers Companies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
3/21/2024 – Travelers Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
3/13/2024 – Travelers Companies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
3/5/2024 – Travelers Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Travelers Companies Trading Up 0.4 %

TRV traded up $0.86 on Thursday, reaching $214.01. 339,462 shares of the company traded hands, compared to its average volume of 1,475,973. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The firm has a fifty day simple moving average of $221.12 and a two-hundred day simple moving average of $199.71. The company has a market cap of $49.01 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.10 and a beta of 0.60. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the prior year, the firm posted $4.11 EPS. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.74 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is currently 29.72%.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the sale, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 10,181 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $214.00, for a total transaction of $2,178,734.00. Following the transaction, the executive vice president now owns 7,865 shares of the company’s stock, valued at approximately $1,683,110. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,681 shares of company stock worth $14,427,504. 1.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelers Companies

Several large investors have recently bought and sold shares of TRV. Norges Bank purchased a new stake in Travelers Companies during the 4th quarter worth approximately $282,593,000. Clearbridge Investments LLC grew its position in Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after purchasing an additional 623,974 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Travelers Companies by 1,826.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock worth $83,731,000 after purchasing an additional 486,098 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Travelers Companies by 19,918.1% in the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after acquiring an additional 473,453 shares during the last quarter. Finally, Boston Partners boosted 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 valued at $227,175,000 after acquiring an additional 355,489 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

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.