Morgan Stanley Boosts Travelers Companies (NYSE:TRV) Price Target to $230.00

Travelers Companies (NYSE:TRV - Free Report) had its target price boosted by Morgan Stanley from $222.00 to $230.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has an equal weight rating on the insurance provider's stock.

TRV has been the subject of a number of other reports. Raymond James upped their target price on Travelers Companies from $220.00 to $245.00 and gave the company a strong-buy rating in a research report on Monday, January 22nd. The Goldman Sachs Group upped their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a sell rating in a research report on Friday. Royal Bank of Canada upped their price objective 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. Oppenheimer restated a market perform rating on shares of Travelers Companies in a research report on Friday, April 5th. Finally, Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $215.00 to $241.00 and gave the stock a market perform rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $215.71.

Travelers Companies Price Performance

Shares of NYSE:TRV traded down $0.04 during trading on Monday, reaching $221.06. 1,063,527 shares of the company traded hands, compared to its average volume of 1,435,401. The company's 50 day moving average is $221.82 and its two-hundred day moving average is $195.68. The firm has a market capitalization of $50.65 billion, a PE ratio of 17.28, a PEG ratio of 1.16 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, beating analysts' consensus estimates of $5.10 by $1.91. The firm had revenue of $10.93 billion during the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company's revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.40 EPS. As a group, sell-side analysts predict that Travelers Companies will post 17.62 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.00 annualized dividend and a dividend yield of 1.81%. Travelers Companies's payout ratio is 31.27%.

Insider Activity

In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares of the company's stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Paul E. Munson sold 2,121 shares of the business'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 completion of the sale, the senior vice president now owns 719 shares in the company, valued at $153,046.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,775 shares of company stock valued at $23,343,903. Company insiders own 1.29% of the company's stock.

Institutional Trading of Travelers Companies

Several hedge funds have recently bought and sold shares of TRV. First Command Advisory Services Inc. acquired a new stake in Travelers Companies in the 3rd quarter valued at $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at $27,000. FWL Investment Management LLC bought a new position in Travelers Companies during the 4th quarter valued at $28,000. Quarry LP bought a new position in Travelers Companies during the 1st quarter valued at $31,000. Finally, Northwest Financial Advisors bought a new position in Travelers Companies during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 82.45% of the company's stock.

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.