Travelers Companies (NYSE:TRV) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Travelers shares rose above their 200-day moving average, reaching $362.75 and last trading near $360.42, compared with the 200-day average of $332.21.
• The company delivered a strong quarterly earnings beat, reporting $10.04 EPS versus the $5.41 consensus and $12.15 billion in revenue against estimates of $11.26 billion.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $354.53; Travelers also pays a $1.25 quarterly dividend, equivalent to a 1.4% yield.

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $332.21 and traded as high as $362.75. Travelers Companies shares last traded at $360.4240, with a volume of 843,410 shares changing hands.

Analyst Ratings Changes

TRV has been the topic of several research reports. Truist Financial increased their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Morgan Stanley lifted their target price on Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a report on Monday, July 20th. Piper Sandler increased their price target on Travelers Companies to $340.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Finally, The Goldman Sachs Group downgraded Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price target on the stock. in a report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and a consensus price target of $354.53.

Travelers Companies Stock Performance

The stock has a market capitalization of $75.18 billion, a P/E ratio of 9.65, a P/E/G ratio of 2.42 and a beta of 0.43. The company's 50-day moving average is $371.34 and its two-hundred day moving average is $332.21. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the previous year, the business posted $6.51 EPS. Travelers Companies's revenue was up .3% on a year-over-year basis. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.84 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th were given a dividend of $1.25 per share. The ex-dividend date was Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies's payout ratio is currently 13.39%.

Insiders Place Their Bets

In related news, EVP Mojgan Lefebvre sold 16,313 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the sale, the executive vice president directly owned 9,213 shares in the company, valued at $3,393,884.94. This trade represents a 63.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Klein sold 6,000 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at $16,519,811.25. The trade was a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 58,667 shares of company stock worth $21,830,989. 1.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. grew its stake in Travelers Companies by 39.4% in the 2nd quarter. QRG Capital Management Inc. now owns 89,892 shares of the insurance provider's stock valued at $29,675,000 after buying an additional 25,395 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Travelers Companies by 14.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,709 shares of the insurance provider's stock worth $2,545,000 after acquiring an additional 977 shares during the period. Bouchey Financial Group Ltd. acquired a new position in Travelers Companies during the 2nd quarter worth $234,000. Sequoia Financial Advisors LLC lifted its position in Travelers Companies by 12.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 33,397 shares of the insurance provider's stock worth $11,025,000 after acquiring an additional 3,782 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in Travelers Companies by 31.9% during the second quarter. Cidel Asset Management Inc. now owns 2,358 shares of the insurance provider's stock valued at $778,000 after acquiring an additional 570 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Company Profile

Travelers Companies, Inc is an insurance provider that offers property and casualty coverage to individuals, businesses and organizations. The company operates through three primary segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance.

Its products and services include automobile and homeowners insurance, workers' compensation, commercial property and casualty coverage, general and professional liability insurance, surety and fidelity bonds, and specialized insurance solutions for industries and businesses with complex risks.

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