JMP Securities Reiterates “Market Perform” Rating for Travelers Companies (NYSE:TRV)

JMP Securities reiterated their market perform rating on shares of Travelers Companies (NYSE:TRV) in a report released on Friday, Benzinga reports.

TRV has been the subject of a number of other research reports. Morgan Stanley boosted their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an equal weight rating in a research note on Monday, April 15th. HSBC boosted their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a hold rating in a research note on Thursday, April 4th. Raymond James boosted their price target on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a strong-buy rating in a research note on Monday, January 22nd. Roth Mkm reissued a buy rating and issued a $240.00 price target on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, Oppenheimer restated a market perform rating on shares of Travelers Companies in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $223.18.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $214.27 on Friday. The company has a 50 day moving average of $221.78 and a 200 day moving average of $197.48. The stock has a market cap of $49.07 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.12 and a beta of 0.58. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the prior year, the firm earned $4.11 EPS. Travelers Companies’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts forecast that Travelers Companies will post 17.66 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s dividend payout ratio is currently 29.72%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,500 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total transaction of $533,850.00. Following the completion of the sale, the insider now directly owns 255,178 shares in the company, valued at approximately $54,490,710.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the transaction, the insider now directly owns 255,178 shares in the company, valued at approximately $54,878,580.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,500 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total transaction of $533,850.00. Following the completion of the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,490,710.12. The disclosure for this sale can be found here. Insiders sold 68,734 shares of company stock worth $14,637,364 in the last three months. 1.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. bought a new position in Travelers Companies in the 3rd quarter worth $26,000. Arlington Trust Co LLC bought a new position in Travelers Companies in the 3rd quarter worth $27,000. Northwest Financial Advisors bought a new position in Travelers Companies in the 4th quarter worth $32,000. AM Squared Ltd raised its holdings in Travelers Companies by 100.0% in the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Finally, RVW Wealth LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth about $34,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Company Profile

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.