UBS Group Increases Travelers Companies (NYSE:TRV) Price Target to $244.00

Travelers Companies (NYSE:TRV) had its price objective upped by UBS Group from $238.00 to $244.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

A number of other research analysts have also recently commented on the company. Citigroup boosted their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Bank of America boosted their price target on Travelers Companies from $223.00 to $241.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Barclays assumed coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $235.42.

Travelers Companies Stock Up 0.2 %

TRV opened at $265.45 on Tuesday. The company has a market cap of $60.50 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $269.55. The firm has a 50 day moving average price of $231.88 and a 200 day moving average price of $219.65.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.95 EPS. Sell-side analysts expect that Travelers Companies will post 17.09 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio (DPR) is 26.55%.

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in Travelers Companies by 36.8% in 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 buying an additional 3,158,979 shares during the last quarter. Acadian Asset Management LLC lifted its position in Travelers Companies by 356.4% in the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after purchasing an additional 678,241 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Travelers Companies during the 1st quarter valued at about $88,190,000. Renaissance Technologies LLC grew its position in Travelers Companies by 324.9% in the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after purchasing an additional 230,612 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Travelers Companies by 16.4% in the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after purchasing an additional 196,011 shares during the period. Institutional investors and hedge funds 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.