Travelers Companies (TRV) Receives Buy Rating from Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their buy rating on shares of Travelers Companies (NYSE:TRV) in a research note published on Friday morning. They currently have a $148.00 price target on the insurance provider’s stock.

Several other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods restated a buy rating and set a $152.00 price objective on shares of Travelers Companies in a report on Wednesday. Goldman Sachs Group assumed coverage on shares of Travelers Companies in a report on Monday, December 4th. They set a sell rating and a $124.00 price objective on the stock. Wells Fargo & Company set a $125.00 price objective on shares of Travelers Companies and gave the stock a hold rating in a report on Tuesday, November 14th. B. Riley restated a neutral rating on shares of Travelers Companies in a report on Monday, November 6th. Finally, UBS boosted their price objective on shares of Travelers Companies from $131.00 to $139.00 and gave the stock a neutral rating in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $132.18.

Travelers Companies (TRV) traded up $0.26 during trading hours on Friday, hitting $133.75. 1,085,281 shares of the stock traded hands, compared to its average volume of 1,624,579. Travelers Companies has a one year low of $113.76 and a one year high of $137.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market cap of $36,732.73, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 2.65 and a beta of 1.25.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($1.19). Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm posted $2.40 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts forecast that Travelers Companies will post 6.76 EPS for the current fiscal year.

The firm 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. The ex-dividend date is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.15%. Travelers Companies’s payout ratio is currently 33.45%.

Travelers Companies announced that its board has authorized a share buyback plan on Monday, September 11th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other Travelers Companies news, EVP Maria Olivo sold 33,225 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 20,077 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the sale, the executive vice president now directly owns 21,619 shares in the company, valued at $2,825,170.92. The disclosure for this sale can be found here. In the last three months, insiders sold 55,302 shares of company stock worth $7,347,753. 0.82% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Fieldpoint Private Securities LLC acquired a new position in shares of Travelers Companies during the third quarter worth approximately $106,000. Valeo Financial Advisors LLC acquired a new position in shares of Travelers Companies during the third quarter worth approximately $108,000. Tradewinds Capital Management LLC lifted its position in shares of Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 10 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 41 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 35 shares in the last quarter. 78.52% of the stock is currently owned by hedge funds and other 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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