Travelers Companies (NYSE:TRV) Price Target Raised to $273.00

Travelers Companies (NYSE:TRV) had its price target hoisted by Keefe, Bruyette & Woods from $245.00 to $273.00 in a research report sent to investors on Tuesday, Benzinga reports. The firm currently has a market perform rating on the insurance provider’s stock.

Other equities analysts also recently issued reports about the stock. Bank of America increased their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. The Goldman Sachs Group increased their price target on shares of Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a research note on Wednesday, October 9th. Citigroup raised their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler decreased their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $247.45.

Travelers Companies Stock Performance

Travelers Companies stock opened at $259.19 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $233.84 and a 200-day moving average of $219.94. The firm has a market cap of $59.08 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.40 and a beta of 0.62. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the business posted $1.95 earnings per share. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts expect that Travelers Companies will post 17.45 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the sale, the executive vice president now owns 1,715 shares in the company, valued at approximately $446,671.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,465 shares of company stock worth $13,681,936. 1.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TRV. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies during the 2nd quarter worth $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies during the 1st quarter worth $35,000. Beacon Capital Management LLC boosted its stake in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. Finally, Tributary Capital Management LLC purchased a new position in shares of Travelers Companies during the 1st quarter worth $45,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

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.