Travelers Companies (NYSE:TRV) Price Target Raised to $270.00

Travelers Companies (NYSE:TRV) had its price target boosted by Jefferies Financial Group from $265.00 to $270.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a hold rating on the insurance provider’s stock.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Keefe, Bruyette & Woods cut their price objective on shares of Travelers Companies from $286.00 to $274.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $263.37.

Travelers Companies Stock Performance

Shares of TRV stock opened at $244.96 on Friday. The business has a fifty day moving average of $251.59 and a 200 day moving average of $248.93. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $55.54 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last issued its quarterly 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 net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company earned $7.01 EPS. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, research analysts expect that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Hedge Funds Weigh In On Travelers Companies

Several large investors have recently modified their holdings of TRV. Towneley Capital Management Inc DE purchased a new stake in Travelers Companies in the 1st quarter valued at about $241,000. Gateway Investment Advisers LLC raised its position in Travelers Companies by 1.4% in the first quarter. Gateway Investment Advisers LLC now owns 32,316 shares of the insurance provider’s stock valued at $8,546,000 after purchasing an additional 434 shares during the period. Procyon Advisors LLC boosted its position in shares of Travelers Companies by 5.3% during the first quarter. Procyon Advisors LLC now owns 18,718 shares of the insurance provider’s stock worth $4,950,000 after buying an additional 941 shares during the period. Vest Financial LLC acquired a new position in Travelers Companies during the 1st quarter worth about $30,555,000. Finally, Breakwater Capital Group boosted its holdings in Travelers Companies by 6.4% during the 1st quarter. Breakwater Capital Group now owns 1,076 shares of the insurance provider’s stock valued at $285,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.