Travelers Companies (NYSE:TRV) Price Target Raised to $241.00

Travelers Companies (NYSE:TRV - Free Report) had its price objective hoisted by Keefe, Bruyette & Woods from $215.00 to $241.00 in a report issued on Wednesday, Benzinga reports. They currently have a market perform rating on the insurance provider's stock.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada boosted their target price on Travelers Companies from $185.00 to $210.00 and gave the stock a sector perform rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. boosted their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an underweight rating in a research report on Monday. HSBC boosted their price objective on Travelers Companies from $218.00 to $240.00 and gave the company a hold rating in a research report on Thursday, April 4th. StockNews.com upgraded Travelers Companies from a hold rating to a buy rating in a research report on Friday, March 29th. Finally, Piper Sandler reiterated a neutral rating and issued a $213.00 price objective on shares of Travelers Companies in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of Hold and a consensus price target of $208.81.

Travelers Companies Trading Up 0.2 %

NYSE:TRV traded up $0.54 on Wednesday, hitting $224.38. 1,086,624 shares of the stock were exchanged, compared to its average volume of 1,449,702. The stock has a market capitalization of $51.41 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.21 and a beta of 0.58. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company's 50-day moving average price is $221.37 and its 200 day moving average price is $194.37.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, topping the consensus estimate of $5.10 by $1.91. The firm had revenue of $10.93 billion during the quarter, compared to analysts' expectations of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company's quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.40 EPS. On average, equities research analysts forecast that Travelers Companies will post 17.69 earnings per share for the current year.

Travelers Companies Dividend Announcement

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 1.78%. The ex-dividend date was Thursday, March 7th. Travelers Companies's dividend payout ratio is currently 31.27%.

Insider Transactions at Travelers Companies

In other news, SVP Paul E. Munson sold 2,121 shares of the company's stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the sale, the senior vice president now owns 719 shares in the company, valued at approximately $153,046.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Paul E. Munson sold 2,121 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the sale, the senior vice president now owns 719 shares in the company, valued at approximately $153,046.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 26,633 shares of the stock in a transaction on Tuesday, January 23rd. The shares were 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 owns 255,178 shares in the company, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 in the last 90 days. Corporate insiders own 1.29% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRV. VisionPoint Advisory Group LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter worth $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the 3rd quarter worth $26,000. Arlington Trust Co LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth $27,000. FWL Investment Management LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth $28,000. Finally, Country Trust Bank grew its holdings in shares of Travelers Companies by 548.1% during the 3rd quarter. Country Trust Bank now owns 175 shares of the insurance provider's stock worth $29,000 after purchasing an additional 148 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

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.