Travelers Companies (NYSE:TRV) Given New $274.00 Price Target at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its target price lowered by Keefe, Bruyette & Woods from $286.00 to $274.00 in a report released on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider’s stock.

A number of other analysts also recently commented on the company. Wells Fargo & Company raised Travelers Companies from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $225.00 to $247.00 in a research report on Wednesday. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, BMO Capital Markets lifted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $261.89.

Travelers Companies Price Performance

NYSE:TRV traded down $1.90 during mid-day trading on Wednesday, reaching $246.20. The stock had a trading volume of 747,741 shares, compared to its average volume of 1,298,303. The stock has a market capitalization of $55.82 billion, a PE ratio of 11.47, a P/E/G ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $269.56. The stock has a 50-day simple moving average of $251.57 and a two-hundred day simple moving average of $248.74.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the business posted $7.01 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. On average, equities analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.71%. Travelers Companies’s payout ratio is currently 19.56%.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after purchasing an additional 41 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 43 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after buying an additional 44 shares during the period. Somerset Trust Co raised its stake in Travelers Companies by 5.2% during the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock worth $221,000 after purchasing an additional 45 shares during the period. Finally, Lake Street Advisors Group LLC raised its holdings in shares of Travelers Companies by 2.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock worth $555,000 after purchasing an additional 46 shares during the period. 82.45% of the stock is owned by hedge funds and other 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.