Roth Mkm Boosts Travelers Companies (NYSE:TRV) Price Target to $300.00

Travelers Companies (NYSE:TRV) had its price target increased by Roth Mkm from $240.00 to $300.00 in a report issued on Monday, Benzinga reports. The firm currently has a buy rating on the insurance provider’s stock.

A number of other analysts have also weighed in on the stock. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Barclays began coverage on Travelers Companies in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 target price on the stock. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and dropped their price target for the company from $252.00 to $230.00 in a research report on Monday, July 15th. Finally, Citigroup upped their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Trading Down 0.7 %

Shares of TRV stock opened at $257.35 on Monday. The stock has a market capitalization of $58.66 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.40 and a beta of 0.62. The company’s fifty day simple moving average is $234.71 and its two-hundred day simple moving average is $220.20. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 EPS. As a group, analysts anticipate that Travelers Companies will post 17.45 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insider Activity at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares in the company, valued at $446,671.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Y.D. More Investments Ltd purchased a new position in Travelers Companies during the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies during the first quarter valued at about $35,000. Beacon Capital Management LLC raised its stake in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Wolff Wiese Magana LLC lifted its holdings in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the period. Finally, Tributary Capital Management LLC purchased a new position in shares of Travelers Companies during the 1st quarter worth approximately $45,000. Institutional investors 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.