Travelers Companies (NYSE:TRV) Sets New 1-Year High - Should You Buy?

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $275.32 and last traded at $274.96, with a volume of 373275 shares trading hands. The stock had previously closed at $271.04.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TRV shares. HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a report on Monday, March 24th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Evercore ISI lifted their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. UBS Group lowered their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Barclays reduced their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $270.42.

Travelers Companies Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $62.39 billion, a P/E ratio of 12.82, a PEG ratio of 4.65 and a beta of 0.53. The business has a 50-day moving average price of $260.18 and a 200 day moving average price of $253.10.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same period last year, the company earned $4.69 earnings per share. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 23.95%.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. McAdam LLC purchased a new stake in Travelers Companies during the 1st quarter valued at $207,000. Acadian Asset Management LLC increased its holdings in Travelers Companies by 41.2% in the 1st quarter. Acadian Asset Management LLC now owns 898,710 shares of the insurance provider's stock worth $237,655,000 after buying an additional 262,265 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Travelers Companies by 7.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,181 shares of the insurance provider's stock worth $841,000 after buying an additional 223 shares during the last quarter. Focus Partners Wealth raised its position in Travelers Companies by 9.3% in the 1st quarter. Focus Partners Wealth now owns 17,836 shares of the insurance provider's stock worth $4,717,000 after buying an additional 1,522 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new position in Travelers Companies during the 1st quarter valued at about $32,000. Institutional investors 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.

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