Travelers Companies (NYSE:TRV) Price Target Cut to $225.00 by Analysts at Royal Bank of Canada

Travelers Companies (NYSE:TRV) had its target price reduced by Royal Bank of Canada from $230.00 to $225.00 in a research note released on Thursday, Benzinga reports. They currently have a sector perform rating on the insurance provider’s stock.

TRV has been the subject of several other research reports. Keefe, Bruyette & Woods lowered their price target on shares of Travelers Companies from $241.00 to $231.00 and set a market perform rating for the company in a research report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an underweight rating in a research report on Monday, April 8th. StockNews.com upgraded shares of Travelers Companies from a hold rating to a buy rating in a research report on Friday, March 29th. Evercore ISI lowered their price target on shares of Travelers Companies from $253.00 to $250.00 and set an outperform rating for the company in a research report on Thursday. Finally, Raymond James increased their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the company a strong-buy rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $222.88.

Travelers Companies Trading Up 1.7 %

Shares of TRV stock opened at $214.07 on Thursday. The stock has a market cap of $49.02 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The firm’s 50 day moving average price is $221.79 and its two-hundred day moving average price is $197.12.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $4.11 earnings per share. On average, analysts anticipate that Travelers Companies will post 17.66 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the sale, the senior vice president now directly owns 719 shares of the company’s stock, valued at $153,046.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,775 shares of company stock worth $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Hedge funds have recently bought and sold shares of the company. Wealth Quarterback LLC lifted its position in shares of Travelers Companies by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock worth $825,000 after purchasing an additional 49 shares in the last quarter. Kapitalo Investimentos Ltda lifted its position in shares of Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 49 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Travelers Companies by 9.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after purchasing an additional 50 shares in the last quarter. Norwood Financial Corp raised its position in Travelers Companies by 16.1% during the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after acquiring an additional 50 shares in the last quarter. Finally, Grimes & Company Inc. raised its position in Travelers Companies by 2.2% during the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after acquiring an additional 53 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.