Travelers Companies (NYSE:TRV) Price Target Raised to $264.00

Travelers Companies (NYSE:TRV - Free Report) had its target price hoisted by Wells Fargo & Company from $260.00 to $264.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the insurance provider's stock.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a report on Wednesday, May 28th. UBS Group cut their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Monday, March 24th. Jefferies Financial Group upped their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $271.00.

Travelers Companies Stock Performance

TRV traded down $1.73 on Thursday, hitting $254.26. The company had a trading volume of 782,224 shares, compared to its average volume of 1,287,687. The company's fifty day moving average price is $267.10 and its 200 day moving average price is $255.71. Travelers Companies has a 1-year low of $202.95 and a 1-year high of $277.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $57.43 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 3.75 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same period in the previous year, the company earned $4.69 EPS. Equities analysts predict that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is 23.95%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the transaction, the chief executive officer owned 262,329 shares of the company's stock, valued at approximately $71,820,433.62. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 36,199 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the transaction, the executive vice president directly owned 118,116 shares in the company, valued at $32,387,407.20. The trade was a 23.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock valued at $44,868,201 over the last ninety days. Company insiders own 1.46% of the company's stock.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds have recently added to or reduced their stakes in TRV. Bank of America Corp DE lifted its stake in Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after buying an additional 2,466,098 shares during the period. Norges Bank acquired a new stake in shares of Travelers Companies during the fourth quarter worth about $560,918,000. GAMMA Investing LLC raised its position in shares of Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after purchasing an additional 2,196,426 shares during the period. Nuveen LLC acquired a new stake in shares of Travelers Companies during the first quarter worth about $294,755,000. Finally, Balyasny Asset Management L.P. raised its position in shares of Travelers Companies by 153.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after purchasing an additional 907,266 shares during the period. 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.