Travelers Companies (NYSE:TRV) Price Target Raised to $377.00

Travelers Companies (NYSE:TRV) had its target price boosted by Wells Fargo & Company from $341.00 to $377.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

Several other research analysts have also recently weighed in on the stock. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a research note on Monday, July 20th. Piper Sandler boosted their price objective on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Barclays upped their price objective on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Weiss Ratings raised Travelers Companies from a “buy (a)” rating to a “buy (a+)” rating in a report on Friday, October 9th. Finally, Morgan Stanley raised their target price on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $364.32.

Travelers Companies Stock Performance

TRV opened at $398.83 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The company has a market cap of $81.74 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 2.80 and a beta of 0.43. The company’s 50 day moving average is $370.12 and its 200 day moving average is $339.95. Travelers Companies has a 12-month low of $264.25 and a 12-month high of $399.71.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. During the same period in the previous year, the business posted $8.14 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts predict that Travelers Companies will post 35.47 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s payout ratio is 13.11%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Daniel Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maria Olivo sold 6,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00. Following the sale, the executive vice president directly owned 118,742 shares in the company, valued at approximately $43,917,916.12. This represents a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 17,317 shares of company stock worth $6,597,631. 1.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds have recently made changes to their positions in TRV. LifeSteps Financial Inc. purchased a new stake in shares of Travelers Companies during the second quarter worth about $26,000. Kilter Group LLC bought a new stake in Travelers Companies during the 2nd quarter valued at approximately $26,000. HHM Wealth Advisors LLC raised its stake in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC purchased a new position in Travelers Companies in the 1st quarter worth approximately $26,000. Finally, Delos Wealth Advisors LLC purchased a new position in Travelers Companies in the 2nd quarter worth approximately $30,000. Institutional investors own 82.45% of the company’s stock.

More Travelers Companies News

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, adding to the positive analyst sentiment following the company’s earnings performance. Wells Fargo Travelers stock outlook
• Positive Sentiment: Truist Financial raised its price target for Travelers, signaling improved expectations for the insurer’s valuation. Truist raises Travelers price target
• Positive Sentiment: Travelers reported third-quarter earnings of $9.18 per share, well above the $7.39 consensus estimate, while revenue also exceeded expectations. The earnings beat supports the recent strength in TRV shares.
• Positive Sentiment: Analysts’ overall fair-value estimates moved modestly higher after the third-quarter results, reflecting better operating expectations for the insurer. Travelers fair value lift

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.