Travelers Companies (NYSE:TRV) Price Target Cut to $219.00

Travelers Companies (NYSE:TRV) had its price objective reduced by Jefferies Financial Group from $222.00 to $219.00 in a research note published on Friday, Benzinga reports. They currently have a hold rating on the insurance provider’s stock.

A number of other research analysts have also weighed in on TRV. Raymond James boosted their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a strong-buy rating in a research report on Monday, January 22nd. Roth Mkm reissued a buy rating and set a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Piper Sandler reissued a neutral rating and set a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. TD Cowen initiated coverage on shares of Travelers Companies in a report on Wednesday, January 10th. They set an outperform rating and a $247.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a sell rating in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $223.18.

Travelers Companies Stock Up 0.1 %

TRV stock opened at $214.27 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a fifty day simple moving average of $221.78 and a 200 day simple moving average of $197.48. The firm has a market cap of $49.07 billion, a PE ratio of 15.92, a PEG ratio of 1.12 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last released its 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 firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.11 EPS. Sell-side analysts anticipate that Travelers Companies will post 17.66 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is presently 29.72%.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total transaction of $533,850.00. Following the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,490,710.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 68,734 shares of company stock valued at $14,637,364 over the last quarter. 1.33% of the stock is owned by company insiders.

Institutional Trading of Travelers Companies

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Travelers Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after buying an additional 148,012 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after purchasing an additional 623,974 shares in the last quarter. Northern Trust Corp lifted its position in shares of Travelers Companies by 0.9% during the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock worth $560,451,000 after purchasing an additional 29,989 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Travelers Companies by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after purchasing an additional 154,886 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Travelers Companies by 4.3% during the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock worth $373,286,000 after purchasing an additional 95,153 shares in the last quarter. 82.45% of the stock is owned by 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.