Travelers Companies (NYSE:TRV) Given New $252.00 Price Target at TD Cowen

Travelers Companies (NYSE:TRV) had its target price reduced by TD Cowen from $261.00 to $252.00 in a research report report published on Tuesday morning, Benzinga reports. TD Cowen currently has a buy rating on the insurance provider’s stock.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of Travelers Companies from a buy rating to a hold rating in a research report on Thursday, April 18th. Citigroup raised their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. Evercore ISI decreased their price target on shares of Travelers Companies from $253.00 to $250.00 and set an outperform rating for the company in a research note on Thursday, April 18th. Raymond James raised their price target on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a strong-buy rating in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an underweight rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $223.47.

Travelers Companies Price Performance

Travelers Companies stock opened at $214.35 on Tuesday. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The company’s 50 day moving average price is $221.75 and its two-hundred day moving average price is $197.84. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a market cap of $49.08 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.12 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the business earned $4.11 EPS. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts predict that Travelers Companies will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s payout ratio is 29.72%.

Insider Activity

In other news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Vice Chairman William H. Heyman sold 4,500 shares of Travelers Companies stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders sold 68,734 shares of company stock worth $14,637,364 in the last three months. Corporate insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of hedge funds have recently made changes to their positions in the stock. BSW Wealth Partners lifted its holdings in shares of Travelers Companies by 0.9% during the 1st quarter. BSW Wealth Partners now owns 6,229 shares of the insurance provider’s stock worth $1,434,000 after acquiring an additional 53 shares during the last quarter. Milestone Asset Management LLC bought a new stake in shares of Travelers Companies during the 1st quarter worth $5,686,000. Global Retirement Partners LLC lifted its holdings in shares of Travelers Companies by 4.5% during the 1st quarter. Global Retirement Partners LLC now owns 1,290 shares of the insurance provider’s stock worth $297,000 after acquiring an additional 55 shares during the last quarter. Sage Mountain Advisors LLC bought a new stake in shares of Travelers Companies during the 1st quarter worth $240,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Travelers Companies by 73.2% during the 1st quarter. Venturi Wealth Management LLC now owns 239 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 101 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

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.