The Travelers Companies Inc (TRV) Earns Buy Rating from Royal Bank of Canada

The Travelers Companies Inc (TRV) Earns Buy Rating from Royal Bank of Canada

Other equities analysts have also recently issued reports about the stock. Barclays PLC reissued a hold rating and issued a $119.00 target price on shares of Travelers Companies in a research note on Sunday, February 19th. Citigroup Inc lifted their price objective on shares of Travelers Companies from $140.00 to $142.00 and gave the stock a buy rating in a research report on Friday, April 7th. FBR & Co cut shares of Travelers Companies from an outperform rating to a market perform rating and reduced their price objective for the stock from $119.73 to $119.00 in a research report on Monday, February 13th. They noted that the move was a valuation call. Finally, Argus raised shares of Travelers Companies from a hold rating to a buy rating and set a $132.00 price objective for the company in a research report on Monday, April 24th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Travelers Companies has an average rating of Hold and an average price target of $118.85.

Royal Bank of Canada restated their buy rating on shares of Travelers Companies Inc (NYSE:TRV) in a report published on Monday, May 22nd. They currently have a $126.00 target price on the insurance provider’s stock.

Shares of Travelers Companies (TRV) opened at 125.15 on Monday. The stock has a market cap of $34.97 billion, a P/E ratio of 12.31 and a beta of 1.06. The company’s 50-day moving average is $121.47 and its 200 day moving average is $119.93. Travelers Companies has a 1-year low of $103.45 and a 1-year high of $125.80. Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 20th. The insurance provider reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.40 by $0.24. Travelers Companies had a net margin of 10.92% and a return on equity of 12.29%. The firm had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same period in the prior year, the business posted $2.33 earnings per share. Travelers Companies’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that Travelers Companies will post $9.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.67. This represents a $2.88 annualized dividend and a yield of 2.30%. Travelers Companies’s payout ratio is 26.10%. In other news, EVP Kenneth Franklin Spence III sold 15,971 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $120.06, for a total transaction of $1,917,478.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brian W. Maclean sold 87,916 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $120.01, for a total value of $10,550,799.16. Following the transaction, the chief operating officer now directly owns 210,602 shares in the company, valued at $25,274,346.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 151,638 shares of company stock worth $18,346,542. Insiders own 1.34% of the company’s stock.

Several institutional investors have recently modified their holdings of TRV. Westside Investment Management Inc. raised its position in shares of Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares during the last quarter. First Personal Financial Services raised its stake in Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares during the last quarter. Intellectus Partners LLC bought a new stake in Travelers Companies during the fourth quarter worth approximately $109,000. Salem Investment Counselors Inc. bought a new stake in Travelers Companies during the third quarter worth approximately $117,000. Finally, SRB Corp raised its stake in Travelers Companies by 6.9% in the third quarter. SRB Corp now owns 1,341 shares of the insurance provider’s stock worth $154,000 after buying an additional 86 shares during the last quarter. 80.36% of the stock is currently owned by institutional investors. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TRV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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