Travelers Companies (NYSE:TRV) Rating Reiterated by William Blair

William Blair reaffirmed their market perform rating on shares of Travelers Companies (NYSE:TRV) in a research note issued to investors on Friday morning, Marketbeat reports. William Blair also issued estimates for Travelers Companies’ Q4 2024 earnings at $6.12 EPS.

Several other equities research analysts have also commented on the stock. Roth Mkm restated a buy rating and set a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Royal Bank of Canada reaffirmed a sector perform rating and issued a $225.00 target price on shares of Travelers Companies in a report on Monday, June 24th. HSBC boosted their price target on Travelers Companies from $218.00 to $240.00 and gave the stock a hold rating in a research note on Thursday, April 4th. Piper Sandler reaffirmed a neutral rating and set a $213.00 price objective on shares of Travelers Companies in a report on Monday, April 1st. Finally, Citigroup upped their target price on Travelers Companies from $215.00 to $226.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of Hold and an average price target of $221.12.

Travelers Companies Trading Down 0.2 %

Shares of Travelers Companies stock opened at $202.97 on Friday. The firm has a market cap of $46.48 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $232.75. The company’s 50-day simple moving average is $212.47 and its 200-day simple moving average is $211.70. 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) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the previous year, the firm posted $4.11 EPS. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts anticipate that Travelers Companies will post 17.59 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were given a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold a total of 18,635 shares of company stock worth $3,980,827 in the last three months. 1.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors have recently added to or reduced their stakes in TRV. Northwest Financial Advisors purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $32,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies during the 1st quarter worth approximately $35,000. Beacon Capital Management LLC raised its position in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $39,000. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.