The Goldman Sachs Group Boosts Travelers Companies (NYSE:TRV) Price Target to $245.00

Travelers Companies (NYSE:TRV) had its price objective upped by The Goldman Sachs Group from $216.00 to $245.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a sell rating on the insurance provider’s stock.

Other analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $252.00 to $230.00 in a research note on Monday, July 15th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Citigroup increased their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Finally, Roth Mkm lifted their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $247.90.

Travelers Companies Stock Performance

NYSE:TRV opened at $250.50 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. Travelers Companies has a 12 month low of $159.89 and a 12 month high of $269.55. The firm has a market capitalization of $57.36 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62. The business’s fifty day moving average price is $235.51 and its 200 day moving average price is $220.45.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the previous year, the business earned $1.95 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, sell-side analysts anticipate that Travelers Companies will post 18.24 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.68%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,099,840. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,479 shares of company stock worth $15,434,526 in the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Travelers Companies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after buying an additional 165,708 shares during the period. Legal & General Group Plc raised its stake in Travelers Companies by 1.6% during the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after buying an additional 37,029 shares during the last quarter. Boston Partners boosted its position in Travelers Companies by 16.4% during the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after acquiring an additional 196,011 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Travelers Companies by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock worth $233,769,000 after acquiring an additional 85,619 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.