Keefe, Bruyette & Woods Cuts Travelers Companies (NYSE:TRV) Price Target to $231.00

Travelers Companies (NYSE:TRV) had its price target trimmed by Keefe, Bruyette & Woods from $241.00 to $231.00 in a report issued on Thursday, Benzinga reports. The firm currently has a market perform rating on the insurance provider’s stock.

A number of other equities analysts also recently issued reports on TRV. StockNews.com raised Travelers Companies from a hold rating to a buy rating in a report on Friday, March 29th. HSBC upped their target price on shares of Travelers Companies from $218.00 to $240.00 and gave the company a hold rating in a report on Thursday, April 4th. Evercore ISI boosted their price target on shares of Travelers Companies from $230.00 to $253.00 and gave the company an outperform rating in a research report on Thursday, April 11th. Raymond James raised their price objective on Travelers Companies from $220.00 to $245.00 and gave the stock a strong-buy rating in a report on Monday, January 22nd. Finally, UBS Group boosted their target price on Travelers Companies from $205.00 to $225.00 and gave the company a neutral rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $218.39.

Travelers Companies Stock Up 1.9 %

Shares of Travelers Companies stock opened at $210.46 on Thursday. 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. The company has a market capitalization of $48.22 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.08 and a beta of 0.58. The company has a 50 day moving average of $221.80 and a 200 day moving average of $196.27.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $4.11 EPS. As a group, research analysts forecast that Travelers Companies will post 17.62 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company 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 dividend on an annualized basis 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 of this dividend is Monday, June 10th. Travelers Companies’s payout ratio is 29.72%.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, 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, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock worth $23,343,903 over the last 90 days. Insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. FWL Investment Management LLC acquired a new position in shares of Travelers Companies during the 4th quarter valued at $28,000. First Command Advisory Services Inc. bought a new stake in Travelers Companies in the third quarter worth about $26,000. Arlington Trust Co LLC bought a new stake in Travelers Companies in the third quarter worth about $27,000. Northwest Financial Advisors bought a new position in shares of Travelers Companies during the 4th quarter valued at about $32,000. Finally, Quarry LP acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.