Travelers Companies (TRV) Given “Buy” Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their buy rating on shares of Travelers Companies (NYSE:TRV) in a report published on Wednesday. The firm currently has a $152.00 target price on the insurance provider’s stock.

A number of other equities analysts also recently commented on TRV. Citigroup cut their price objective on shares of Travelers Companies from $142.00 to $140.00 and set a buy rating for the company in a research report on Monday, October 2nd. Buckingham Research assumed coverage on shares of Travelers Companies in a research report on Monday, September 11th. They set a buy rating and a $136.00 price objective for the company. ValuEngine upgraded shares of Travelers Companies from a hold rating to a buy rating in a research report on Friday, September 1st. Royal Bank Of Canada restated a buy rating and set a $135.00 price objective on shares of Travelers Companies in a research report on Monday, August 21st. Finally, Barclays upped their price objective on shares of Travelers Companies from $119.00 to $122.00 and gave the stock an equal weight rating in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $131.71.

Travelers Companies (NYSE TRV) traded down $1.23 during mid-day trading on Wednesday, reaching $134.13. 545,131 shares of the company traded hands, compared to its average volume of 1,498,635. Travelers Companies has a 1 year low of $113.76 and a 1 year high of $137.95. The stock has a market cap of $37,036.53, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41.

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

Travelers Companies declared that its board has authorized a share buyback program on Monday, September 11th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.15%. Travelers Companies’s dividend payout ratio (DPR) is presently 33.45%.

In other news, EVP Maria Olivo sold 33,225 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of the company’s stock in a transaction on 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 transaction, 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. Over the last ninety days, insiders have sold 55,302 shares of company stock worth $7,347,753. Corporate insiders own 0.82% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Balyasny Asset Management LLC grew its stake in Travelers Companies by 2,272.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock valued at $186,142,000 after acquiring an additional 1,409,121 shares during the last quarter. FIL Ltd acquired a new stake in Travelers Companies in the 2nd quarter valued at about $161,641,000. Janus Henderson Group PLC grew its stake in Travelers Companies by 3,559.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock valued at $165,178,000 after acquiring an additional 1,269,774 shares during the last quarter. American Century Companies Inc. grew its stake in Travelers Companies by 2,264.8% in the 2nd quarter. American Century Companies Inc. now owns 901,739 shares of the insurance provider’s stock valued at $114,097,000 after acquiring an additional 863,607 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Travelers Companies in the 3rd quarter valued at about $78,058,000. 78.52% of the stock is currently owned by institutional investors and hedge funds.

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Travelers Companies Company Profile

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.

Analyst Recommendations for Travelers Companies (NYSE:TRV)

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