Travelers Companies (NYSE:TRV) Share Price Crosses Above 200-Day Moving Average – What’s Next?

The Travelers Companies, Inc. (NYSE:TRV)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-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.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research reports. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a research report on Monday, July 13th. Wells Fargo & Company lifted their target price on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Piper Sandler raised their price target on Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target on the stock. in a research report on Monday, July 20th. Finally, Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $354.53.

Travelers Companies Stock Down 0.3%

The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average price is $371.34 and its two-hundred day moving average price is $332.21. The stock has a market cap of $75.17 billion, a P/E ratio of 9.65, a P/E/G ratio of 2.42 and a beta of 0.43.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the firm earned $6.51 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 33.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Michael Klein sold 6,000 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel Frey sold 14,037 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,667 shares of company stock worth $21,830,989 over the last three months. Corporate insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of large investors have recently bought and sold shares of TRV. HHM Wealth Advisors LLC lifted its stake in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies in the first quarter worth $26,000. LifeSteps Financial Inc. purchased a new position in shares of Travelers Companies during the second quarter worth $26,000. Kilter Group LLC purchased a new position in shares of Travelers Companies during the second quarter worth $26,000. Finally, Delos Wealth Advisors LLC acquired a new position in Travelers Companies during the second quarter valued at $30,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About Travelers Companies

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.