Travelers Companies (NYSE:TRV) Price Target Raised to $271.00

Travelers Companies (NYSE:TRV) had its price objective raised by JPMorgan Chase & Co. from $260.00 to $271.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an underweight rating on the insurance provider’s stock.

Several other equities research analysts have also recently commented on TRV. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a report on Monday, March 24th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Barclays increased their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, BMO Capital Markets increased their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $261.89.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $244.94 on Tuesday. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $55.53 billion, a P/E ratio of 11.41, a PEG ratio of 4.65 and a beta of 0.48. The business has a 50 day simple moving average of $251.58 and a two-hundred day simple moving average of $248.78.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $10.80 billion. During the same quarter last year, the firm earned $7.01 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, analysts predict that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Breakwater Capital Group raised its stake in Travelers Companies by 6.4% in the first quarter. Breakwater Capital Group now owns 1,076 shares of the insurance provider’s stock valued at $285,000 after buying an additional 65 shares in the last quarter. Retirement Planning Group LLC raised its stake in Travelers Companies by 44.8% in the first quarter. Retirement Planning Group LLC now owns 1,303 shares of the insurance provider’s stock valued at $345,000 after buying an additional 403 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Travelers Companies by 37.2% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 753 shares of the insurance provider’s stock valued at $199,000 after buying an additional 204 shares in the last quarter. Warren Street Wealth Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at $236,000. Finally, Clare Market Investments LLC acquired a new stake in Travelers Companies in the first quarter valued at $741,000. 82.45% of the stock is currently 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.