Royal Bank of Canada Boosts Travelers Companies (NYSE:TRV) Price Target to $273.00

Travelers Companies (NYSE:TRV) had its price target raised by Royal Bank of Canada from $250.00 to $273.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a sector perform rating on the insurance provider’s stock.

Other equities research analysts have also recently issued reports about the company. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Citigroup upped their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. UBS Group upped their price objective on shares of Travelers Companies from $238.00 to $244.00 and gave the stock a “neutral” rating in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $235.42.

Travelers Companies Stock Up 0.2 %

Shares of Travelers Companies stock opened at $265.45 on Friday. The company’s fifty day simple moving average is $231.88 and its two-hundred day simple moving average is $219.52. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $60.79 billion, a P/E ratio of 19.72, a PEG ratio of 1.26 and a beta of 0.62.

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

Travelers Companies Announces Dividend

The company also recently announced 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 of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the 1st quarter valued at approximately $35,000. Beacon Capital Management LLC boosted its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Travelers Companies during the 1st quarter valued at $42,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.