Travelers Companies (NYSE:TRV) Price Target Increased to $203.00 by Analysts at Citigroup

Travelers Companies (NYSE:TRV) had its price target raised by Citigroup from $200.00 to $203.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a sell rating on the insurance provider’s stock.

Other analysts also recently issued research reports about the stock. UBS Group decreased their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a neutral rating for the company in a report on Monday, April 22nd. TD Cowen downgraded shares of Travelers Companies from a buy rating to a hold rating and decreased their price objective for the stock from $252.00 to $230.00 in a report on Monday, July 15th. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an underweight rating in a research note on Thursday, July 11th. Jefferies Financial Group reduced their target price on shares of Travelers Companies from $222.00 to $219.00 and set a hold rating for the company in a research note on Friday, April 19th. Finally, Oppenheimer reiterated a market perform rating on shares of Travelers Companies in a research note on Friday, April 5th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $221.11.

Travelers Companies Stock Performance

Shares of TRV stock opened at $214.53 on Tuesday. The firm has a 50-day moving average of $209.75 and a 200-day moving average of $214.98. The company has a market cap of $49.13 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. Travelers Companies has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same quarter last year, the business posted $0.06 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts forecast that Travelers Companies will post 17.23 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.96%. Travelers Companies’s payout ratio is presently 31.20%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds have recently made changes to their positions in TRV. Northwest Financial Advisors bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $32,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC lifted its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Private Wealth Management Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $39,000. Finally, OLD Second National Bank of Aurora purchased a new position in shares of Travelers Companies in the fourth quarter worth $41,000. 82.45% of the stock is currently owned by 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.