Barclays Lowers Travelers Companies (NYSE:TRV) Price Target to $280.00

Travelers Companies (NYSE:TRV) had its price target trimmed by Barclays from $287.00 to $280.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets upped their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. The Goldman Sachs Group upgraded 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. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $263.37.

Travelers Companies Trading Down 0.1 %

Shares of TRV stock opened at $244.96 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market cap of $55.54 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The business has a 50-day moving average price of $251.59 and a two-hundred day moving average price of $248.93. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $269.56.

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

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently modified their holdings of the company. MML Investors Services LLC grew its position in Travelers Companies by 1.2% during the third quarter. MML Investors Services LLC now owns 20,565 shares of the insurance provider’s stock valued at $4,815,000 after buying an additional 237 shares during the period. Virtu Financial LLC increased its position in Travelers Companies by 25.6% in the third quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider’s stock worth $3,978,000 after buying an additional 3,462 shares in the last quarter. Tudor Financial Inc. bought a new position in shares of Travelers Companies in the third quarter worth about $983,000. World Investment Advisors LLC bought a new position in shares of Travelers Companies during the 3rd quarter valued at approximately $501,000. Finally, Arvest Bank Trust Division bought a new stake in Travelers Companies during the 3rd quarter worth approximately $16,344,000. 82.45% of the stock is currently 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.