Travelers Companies (NYSE:TRV) Price Target Cut to $225.00

Travelers Companies (NYSE:TRV) had its target price reduced by Royal Bank of Canada from $230.00 to $225.00 in a report released on Thursday morning, Benzinga reports. They currently have a sector perform rating on the insurance provider’s stock.

Several other research 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 price target on Travelers Companies from $218.00 to $240.00 and gave the company a hold rating in a research note on Thursday, April 4th. Raymond James lifted their price objective on Travelers Companies from $220.00 to $245.00 and gave the stock a strong-buy rating in a research report on Monday, January 22nd. Oppenheimer restated a market perform rating on shares of Travelers Companies in a research report on Friday, April 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a sell rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $218.39.

Travelers Companies Price Performance

Shares of TRV stock opened at $210.46 on Thursday. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The stock has a market capitalization of $48.22 billion, a PE ratio of 15.64, a PEG ratio of 1.08 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The stock’s fifty day moving average is $221.80 and its 200-day moving average is $196.27.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 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 company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the company earned $4.11 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts expect that Travelers Companies will post 17.62 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.00%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,291,671.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total value of $533,850.00. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at $54,490,710.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,775 shares of company stock worth $23,343,903. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of large investors have recently bought and sold shares of TRV. Fairfield Bush & CO. acquired a new position in Travelers Companies during the first quarter valued at approximately $160,000. Cibc World Market Inc. lifted its position in shares of Travelers Companies by 28.8% during the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock worth $1,084,000 after buying an additional 1,327 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Travelers Companies by 1.0% in the first quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after buying an additional 115 shares in the last quarter. Blair William & Co. IL grew its position in Travelers Companies by 40.6% in the first quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock valued at $9,420,000 after acquiring an additional 14,873 shares during the last quarter. Finally, Sei Investments Co. grew its position in Travelers Companies by 5.0% in the first quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock valued at $4,952,000 after acquiring an additional 1,286 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.