Travelers Companies (NYSE:TRV) Price Target Raised to $305.00

Travelers Companies (NYSE:TRV) had its target price lifted by JPMorgan Chase & Co. from $302.00 to $305.00 in a report released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the insurance provider’s stock.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Morgan Stanley lifted their price objective on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Weiss Ratings reiterated a “buy (b+)” rating on shares of Travelers Companies in a research report on Monday, December 29th. Finally, Barclays set a $313.00 price target on shares of Travelers Companies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $298.38.

Travelers Companies Price Performance

NYSE TRV opened at $281.99 on Wednesday. The company has a 50-day moving average price of $286.67 and a two-hundred day moving average price of $274.95. Travelers Companies has a 52 week low of $230.23 and a 52 week high of $296.85. The stock has a market cap of $62.90 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the previous year, the company posted $5.24 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts forecast that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s payout ratio is currently 17.30%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,803 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the transaction, the insider owned 255,086 shares of the company’s stock, valued at approximately $73,860,151.30. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,295 shares of company stock valued at $13,011,918 over the last quarter. Company insiders own 1.46% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRV. Osterweis Capital Management Inc. grew its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. Missouri Trust & Investment Co lifted its holdings in shares of Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares in the last quarter. Finally, Quaker Wealth Management LLC increased its holdings in Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after buying an additional 208 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.