Travelers Companies (NYSE:TRV) Price Target Raised to $203.00

Travelers Companies (NYSE:TRV) had its price target upped by Citigroup from $200.00 to $203.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a sell rating on the insurance provider’s stock.

A number of other equities research analysts have also recently issued reports on the company. Morgan Stanley lowered their price objective on Travelers Companies from $220.00 to $210.00 and set an equal weight rating on the stock in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $220.00 to $242.00 and gave the company an underweight rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods lowered their price objective on Travelers Companies from $241.00 to $231.00 and set a market perform rating on the stock in a research note on Thursday, April 18th. Evercore ISI lowered their price objective on Travelers Companies from $253.00 to $250.00 and set an outperform rating on the stock in a research note on Thursday, April 18th. Finally, William Blair restated a market perform rating on shares of Travelers Companies in a research note on Friday, June 28th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $221.11.

Travelers Companies Trading Down 2.0 %

NYSE TRV opened at $212.05 on Tuesday. The stock has a market capitalization of $48.33 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.12 and a beta of 0.61. Travelers Companies has a one year low of $157.33 and a one year high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The business’s fifty day moving average is $209.72 and its 200-day moving average is $214.85.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts predict that Travelers Companies will post 17.23 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.98%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.33% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Drive Wealth Management LLC lifted its position in Travelers Companies by 2.8% in the second quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock valued at $360,000 after purchasing an additional 48 shares during the last quarter. Wealth Quarterback LLC lifted its position in Travelers Companies by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after purchasing an additional 49 shares during the last quarter. Kapitalo Investimentos Ltda lifted its position in Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 49 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Travelers Companies by 9.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 50 shares during the last quarter. Finally, Norwood Financial Corp lifted its position in Travelers Companies by 16.1% in the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 50 shares during the last quarter. 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.