Travelers Companies (NYSE:TRV) Price Target Raised to $212.00 at The Goldman Sachs Group

Travelers Companies (NYSE:TRV - Free Report) had its price objective hoisted by The Goldman Sachs Group from $186.00 to $212.00 in a report released on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the insurance provider's stock.

A number of other research firms also recently issued reports on TRV. Evercore ISI increased their target price on shares of Travelers Companies from $230.00 to $253.00 and gave the stock an outperform rating in a research report on Thursday. Raymond James increased 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. StockNews.com upgraded shares of Travelers Companies from a hold rating to a buy rating in a research note on Friday, March 29th. Citigroup increased their price target on shares of Travelers Companies from $185.00 to $204.00 and gave the stock a neutral rating in a research note on Wednesday, January 17th. Finally, UBS Group increased 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. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of Hold and an average price target of $212.94.

Travelers Companies Price Performance

NYSE:TRV traded up $0.70 during trading hours on Friday, reaching $221.10. 1,095,785 shares of the company's stock were exchanged, compared to its average volume of 1,440,635. The company has a market capitalization of $50.66 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.18 and a beta of 0.58. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. 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 business's 50-day simple moving average is $221.53 and its two-hundred day simple moving average is $194.55.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, beating the consensus estimate of $5.10 by $1.91. The business had revenue of $10.93 billion during the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The firm's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.40 EPS. Sell-side analysts expect that Travelers Companies will post 17.65 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued 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 was Thursday, March 7th. Travelers Companies's payout ratio is 31.27%.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company's stock, valued at approximately $54,291,671.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated 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 of the company's stock, valued at approximately $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares of the company's stock, valued at $54,291,671.28. The disclosure for this sale can be found here. In the last three months, insiders sold 109,775 shares of company stock valued at $23,343,903. Company insiders own 1.29% of the company's stock.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors have recently modified their holdings of TRV. Wealth Quarterback LLC grew its position in shares of Travelers Companies by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider's stock worth $825,000 after buying an additional 49 shares during the period. Kapitalo Investimentos Ltda grew its position in shares of Travelers Companies by 24.1% during the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider's stock worth $48,000 after buying an additional 49 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Travelers Companies by 9.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider's stock worth $129,000 after buying an additional 50 shares during the period. Grimes & Company Inc. grew its position in shares of Travelers Companies by 2.2% during the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider's stock worth $461,000 after buying an additional 53 shares during the period. Finally, Slow Capital Inc. grew its position in shares of Travelers Companies by 0.3% during the 4th quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider's stock worth $3,451,000 after buying an additional 53 shares during the period. 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.