Jefferies Financial Group Raises Travelers Companies (NYSE:TRV) Price Target 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 note released on Friday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the insurance provider’s stock.

A number of other research analysts also recently commented on TRV. Keefe, Bruyette & Woods dropped their target price on shares of Travelers Companies from $286.00 to $274.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets raised their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Barclays increased their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $263.37.

Travelers Companies Stock Down 0.1 %

Shares of NYSE:TRV 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. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The stock has a market cap 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. The firm’s 50 day moving average price is $251.59 and its 200 day moving average price is $248.93.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the firm earned $7.01 earnings per share. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts predict that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Hedge Funds Weigh In On Travelers Companies

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

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.