Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Travelers Companies (NYSE:TRV) had its price objective raised by JPMorgan Chase & Co. from $260.00 to $271.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an underweight rating on the insurance provider’s stock.

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $261.53.

Travelers Companies Stock Performance

Shares of TRV opened at $236.50 on Tuesday. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.56. The company’s fifty day moving average is $251.51 and its two-hundred day moving average is $248.67. The stock has a market capitalization of $53.62 billion, a P/E ratio of 11.02, a P/E/G ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.01 EPS. On average, sell-side analysts predict that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Institutional Investors Weigh In On Travelers Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Wealth Management Advisory Group LLC raised its stake in Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after acquiring an additional 41 shares in the last quarter. Quent Capital LLC boosted its position in Travelers Companies by 3.3% in the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after buying an additional 43 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after buying an additional 44 shares in the last quarter. Somerset Trust Co raised its stake in shares of Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after acquiring an additional 45 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of Travelers Companies by 2.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock worth $555,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

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.