Travelers Companies (NYSE:TRV) Price Target Raised to $212.00

Travelers Companies (NYSE:TRVFree Report) had its price target raised by The Goldman Sachs Group from $186.00 to $212.00 in a research report released on Friday, Benzinga reports. They currently have a sell rating on the insurance provider’s stock.

Several other research analysts have also commented on the company. Evercore ISI boosted their price objective on Travelers Companies from $230.00 to $253.00 and gave the stock an outperform rating in a report on Thursday. Piper Sandler reaffirmed a neutral rating and issued a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. StockNews.com raised Travelers Companies from a hold rating to a buy rating in a research note on Friday, March 29th. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $215.00 to $241.00 and gave the stock a market perform rating in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada upped their target price on Travelers Companies from $185.00 to $210.00 and gave the stock a sector perform rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of Hold and a consensus price target of $212.94.

Read Our Latest Stock Report on TRV

Travelers Companies Stock Up 0.3 %

Shares of NYSE TRV opened at $221.10 on Friday. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $50.66 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.16 and a beta of 0.58. The business has a 50-day moving average of $221.66 and a 200-day moving average of $195.30.

Travelers Companies (NYSE:TRVGet Free Report) last issued its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, topping the consensus estimate of $5.10 by $1.91. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company had revenue of $10.93 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same quarter in the previous year, the firm earned $3.40 earnings per share. Travelers Companies’s revenue was up 13.4% on a year-over-year basis. Sell-side analysts expect that Travelers Companies will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, March 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.27%.

Insider Activity

In related news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,775 shares of company stock valued at $23,343,903. 1.29% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fairfield Bush & CO. purchased a new position in Travelers Companies during the first quarter valued at $160,000. Cibc World Market Inc. lifted its position in Travelers Companies by 28.8% during the first quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock valued at $1,084,000 after buying an additional 1,327 shares during the period. Vontobel Holding Ltd. lifted its position in Travelers Companies by 1.0% during the first quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after buying an additional 115 shares during the period. Blair William & Co. IL lifted its position in Travelers Companies by 40.6% during the first quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock valued at $9,420,000 after buying an additional 14,873 shares during the period. Finally, Sei Investments Co. lifted its position in Travelers Companies by 5.0% during the first quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock valued at $4,952,000 after buying an additional 1,286 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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