Travelers Companies (NYSE:TRV) Price Target Lowered to $230.00 at UBS Group

Travelers Companies (NYSE:TRV) had its price objective trimmed by UBS Group from $237.00 to $230.00 in a report issued on Monday morning, Benzinga reports. The firm currently has a neutral rating on the insurance provider’s stock.

A number of other equities research analysts have also recently commented on TRV. Royal Bank of Canada decreased their price target on Travelers Companies from $230.00 to $225.00 and set a sector perform rating on the stock in a report on Thursday, April 18th. Oppenheimer reissued a market perform rating on shares of Travelers Companies in a report on Friday, April 5th. Piper Sandler reaffirmed a neutral rating and set a $213.00 price objective on shares of Travelers Companies in a report on Monday, April 1st. Roth Mkm reissued a buy rating and issued a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Finally, HSBC raised their target price on shares of Travelers Companies from $218.00 to $240.00 and gave the company a hold rating in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of Hold and a consensus target price of $223.18.

Travelers Companies Trading Up 0.1 %

Shares of NYSE:TRV opened at $214.27 on Monday. The stock has a 50 day moving average of $221.78 and a 200 day moving average of $197.48. The company has a market cap of $49.07 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.11 earnings per share. As a group, equities research analysts expect that Travelers Companies will post 17.66 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is 29.72%.

Insiders Place Their Bets

In other news, EVP Diane Kurtzman sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $211.02, for a total value of $633,060.00. Following the sale, the executive vice president now directly owns 2,215 shares in the company, valued at approximately $467,409.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Diane Kurtzman sold 3,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $211.02, for a total transaction of $633,060.00. Following the completion of the sale, the executive vice president now owns 2,215 shares in the company, valued at approximately $467,409.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 4,500 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,734 shares of company stock worth $14,637,364. 1.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds have recently modified their holdings of TRV. International Assets Investment Management LLC raised its holdings in shares of Travelers Companies by 14.8% in the third quarter. International Assets Investment Management LLC now owns 2,377 shares of the insurance provider’s stock worth $399,000 after buying an additional 307 shares during the last quarter. AE Wealth Management LLC lifted its position in Travelers Companies by 5.7% during the 3rd quarter. AE Wealth Management LLC now owns 5,019 shares of the insurance provider’s stock worth $820,000 after acquiring an additional 271 shares during the period. IFP Advisors Inc lifted its position in Travelers Companies by 14.0% during the 3rd quarter. IFP Advisors Inc now owns 1,300 shares of the insurance provider’s stock worth $212,000 after acquiring an additional 160 shares during the period. Global Retirement Partners LLC grew its stake in Travelers Companies by 14.2% during the 3rd quarter. Global Retirement Partners LLC now owns 850 shares of the insurance provider’s stock valued at $138,000 after purchasing an additional 106 shares during the last quarter. Finally, Founders Financial Securities LLC increased its holdings in shares of Travelers Companies by 20.2% in the third quarter. Founders Financial Securities LLC now owns 8,235 shares of the insurance provider’s stock valued at $1,345,000 after purchasing an additional 1,384 shares during the period. 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.