Travelers Companies (NYSE:TRV) Price Target Raised to $253.00 at Evercore ISI

Travelers Companies (NYSE:TRV - Free Report) had its target price increased by Evercore ISI from $230.00 to $253.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the insurance provider's stock.

Several other research firms have also recently issued reports on TRV. UBS Group raised their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the stock a neutral rating in a research note on Tuesday, January 23rd. HSBC raised their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a hold rating in a research note on Thursday, April 4th. 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. Janney Montgomery Scott initiated coverage on shares of Travelers Companies in a research note on Wednesday, December 20th. They set a buy rating and a $215.00 price target on the stock. Finally, The Goldman Sachs Group raised their price target on shares of Travelers Companies from $166.00 to $186.00 and gave the stock a sell rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $211.41.

Travelers Companies Price Performance

NYSE TRV traded down $4.00 during trading hours on Thursday, reaching $220.38. The company's stock had a trading volume of 1,155,583 shares, compared to its average volume of 1,445,500. The stock has a market cap of $50.49 billion, a PE ratio of 17.22, a PEG ratio of 1.21 and a beta of 0.58. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company's 50-day moving average is $221.37 and its two-hundred day moving average is $194.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, beating analysts' consensus estimates of $5.10 by $1.91. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The firm had revenue of $10.93 billion for the quarter, compared to analysts' expectations of $10.18 billion. During the same period in the prior year, the company earned $3.40 EPS. The firm's revenue was up 13.4% on a year-over-year basis. Analysts forecast that Travelers Companies will post 17.69 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $1.00 dividend. The ex-dividend date was Thursday, March 7th. This represents a $4.00 annualized dividend and a yield of 1.82%. Travelers Companies's payout ratio is 31.27%.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the sale, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred 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 sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,775 shares of company stock worth $23,343,903. Company insiders own 1.29% of the company's stock.

Institutional Trading of Travelers Companies

Hedge funds have recently made changes to their positions in the company. Ballentine Partners LLC grew its position in shares of Travelers Companies by 2.9% during the first quarter. Ballentine Partners LLC now owns 4,346 shares of the insurance provider's stock worth $1,000,000 after buying an additional 123 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the first quarter worth approximately $42,000. Marcum Wealth LLC grew its position in shares of Travelers Companies by 4.9% during the first quarter. Marcum Wealth LLC now owns 3,088 shares of the insurance provider's stock worth $711,000 after buying an additional 144 shares in the last quarter. Aprio Wealth Management LLC acquired a new stake in shares of Travelers Companies during the first quarter worth approximately $220,000. Finally, McLean Asset Management Corp acquired a new stake in shares of Travelers Companies during the first quarter worth approximately $217,000. Hedge funds and other institutional investors 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.