Travelers Companies (NYSE:TRV) Price Target Raised to $287.00

Travelers Companies (NYSE:TRV) had its price objective boosted by Barclays from $278.00 to $287.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the insurance provider’s stock.

Several other equities analysts have also issued reports on TRV. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $259.00 to $310.00 in a report on Friday. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research report on Wednesday, January 8th. BMO Capital Markets increased their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $260.11.

Travelers Companies Price Performance

Shares of TRV stock opened at $241.29 on Friday. The company’s 50-day simple moving average is $247.92 and its two-hundred day simple moving average is $237.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. Travelers Companies has a one year low of $200.21 and a one year high of $269.55. The company has a market capitalization of $54.78 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. During the same period in the prior year, the business earned $7.01 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that Travelers Companies will post 20.33 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

Institutional investors have recently modified their holdings of the company. Wolff Wiese Magana LLC grew its stake in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at about $41,000. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies during the third quarter worth about $50,000. Versant Capital Management Inc increased its position in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 shares during the period. Finally, Salomon & Ludwin LLC lifted its position in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after acquiring an additional 50 shares during the period. 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.