Travelers Companies (NYSE:TRV – Free Report) had its price objective upped by BMO Capital Markets from $275.00 to $297.00 in a research report report published on Friday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the insurance provider’s stock.
Several other brokerages also recently issued reports on TRV. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $259.00 to $310.00 in a research report on Friday. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday. Bank of America raised their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group raised their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $260.11.
View Our Latest Analysis on Travelers Companies
Travelers Companies Trading Down 0.1 %
Travelers Companies (NYSE:TRV – Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. During the same quarter last year, the firm posted $7.01 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts forecast that Travelers Companies will post 20.33 earnings per share for the current year.
Travelers Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.
Insider Buying and Selling at Travelers Companies
In related news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.
Institutional Trading of Travelers Companies
Several hedge funds and other institutional investors have recently modified their holdings of the business. Ledyard National Bank boosted its position in shares of Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after acquiring an additional 39 shares during the last quarter. Trueblood Wealth Management LLC increased its stake in Travelers Companies by 2.3% in the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after acquiring an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. boosted its holdings in shares of Travelers Companies by 2.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after purchasing an additional 42 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 44 shares during the last quarter. Finally, Willner & Heller LLC raised its holdings in shares of Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after buying an additional 45 shares in the last quarter. 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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