Royal Bank of Canada Cuts Travelers Companies (NYSE:TRV) Price Target to $225.00

Travelers Companies (NYSE:TRV - Free Report) had its price objective trimmed by Royal Bank of Canada from $230.00 to $225.00 in a report issued on Thursday morning, Benzinga reports. The firm currently has a sector perform rating on the insurance provider's stock.

TRV has been the subject of a number of other research reports. Roth Mkm reaffirmed a buy rating and issued a $240.00 price objective on shares of Travelers Companies in a research note on Thursday. Piper Sandler reissued a neutral rating and set a $213.00 price target on shares of Travelers Companies in a research note on Monday, April 1st. StockNews.com raised Travelers Companies from a hold rating to a buy rating in a research note on Friday, March 29th. Morgan Stanley increased their price target on Travelers Companies from $222.00 to $230.00 and gave the company an equal weight rating in a research note on Monday. Finally, UBS Group increased their price target on Travelers Companies from $205.00 to $225.00 and gave the company a neutral rating in a research note on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Travelers Companies presently has a consensus rating of Hold and a consensus price target of $218.39.

Travelers Companies Price Performance

Shares of NYSE TRV traded up $3.88 during mid-day trading on Thursday, reaching $210.46. The company's stock had a trading volume of 2,048,292 shares, compared to its average volume of 1,500,989. The firm has a market capitalization of $48.22 billion, a PE ratio of 16.32, a P/E/G ratio of 1.17 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a fifty day moving average of $221.87 and a two-hundred day moving average of $196.17. 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 quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The business's revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned $4.11 EPS. As a group, sell-side analysts anticipate that Travelers Companies will post 17.64 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.00%. This is an increase from Travelers Companies's previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. Travelers Companies's dividend payout ratio is presently 31.27%.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul E. Munson sold 2,121 shares of the firm's 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 transaction, the senior vice president now owns 719 shares in the company, valued at $153,046.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,775 shares of company stock worth $23,343,903. 1.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Tributary Capital Management LLC purchased a new position in Travelers Companies during the 1st quarter worth $45,000. Oak Thistle LLC bought a new stake in Travelers Companies during the 1st quarter valued at $255,000. Hexagon Capital Partners LLC boosted its position in Travelers Companies by 26.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 372 shares of the insurance provider's stock valued at $86,000 after acquiring an additional 77 shares in the last quarter. Claro Advisors LLC boosted its position in Travelers Companies by 3.4% during the 1st quarter. Claro Advisors LLC now owns 5,514 shares of the insurance provider's stock valued at $1,269,000 after acquiring an additional 179 shares in the last quarter. Finally, Talbot Financial LLC boosted its position in Travelers Companies by 1.9% during the 1st quarter. Talbot Financial LLC now owns 61,805 shares of the insurance provider's stock valued at $14,224,000 after acquiring an additional 1,163 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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.