Travelers Companies (NYSE:TRV) Price Target Cut to $219.00

Travelers Companies (NYSE:TRV - Free Report) had its price target cut by Jefferies Financial Group from $222.00 to $219.00 in a report issued on Friday, Benzinga reports. They currently have a hold rating on the insurance provider's stock.

Several other equities research analysts have also commented on the stock. Piper Sandler restated a neutral rating and issued a $213.00 price objective on shares of Travelers Companies in a report on Monday, April 1st. UBS Group upped their target price 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. Keefe, Bruyette & Woods dropped their price objective on Travelers Companies from $241.00 to $231.00 and set a market perform rating on the stock in a research report on Thursday. Raymond James lifted their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a strong-buy rating in a research report on Monday, January 22nd. Finally, The Goldman Sachs Group lifted their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a sell rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has an average rating of Hold and an average target price of $220.78.

Travelers Companies Stock Up 1.7 %

Shares of NYSE:TRV traded up $3.57 during trading on Friday, hitting $213.99. The stock had a trading volume of 1,918,256 shares, compared to its average volume of 1,506,480. 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 12 month low of $157.33 and a 12 month high of $232.75. The company has a market capitalization of $49.03 billion, a PE ratio of 15.90, a PEG ratio of 1.08 and a beta of 0.58. The firm's fifty day moving average is $221.80 and its 200 day moving average is $196.27.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter last year, the company posted $4.11 EPS. Travelers Companies's revenue for the quarter was up 15.7% compared to the same quarter last year. Analysts anticipate that Travelers Companies will post 17.62 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies's dividend payout ratio (DPR) is 29.72%.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 4,500 shares of the firm's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company's stock, valued at $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the sale, the executive vice president now directly owns 14,080 shares in the company, valued at approximately $2,966,374.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. First Command Advisory Services Inc. purchased a new position in Travelers Companies in the third quarter worth about $26,000. Arlington Trust Co LLC purchased a new position in shares of Travelers Companies in the 3rd quarter worth approximately $27,000. FWL Investment Management LLC bought a new position in shares of Travelers Companies during the 4th quarter valued at approximately $28,000. Quarry LP purchased a new stake in Travelers Companies during the 1st quarter valued at $31,000. Finally, Northwest Financial Advisors purchased a new stake in Travelers Companies during the 4th quarter valued at $32,000. 82.45% of the stock is 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.