Morgan Stanley Raises Travelers Companies (NYSE:TRV) Price Target to $230.00

Travelers Companies (NYSE:TRV) had its price target lifted by Morgan Stanley from $222.00 to $230.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

A number of other research analysts have also weighed in on the company. Piper Sandler reissued a neutral rating and issued a $213.00 price objective on shares of Travelers Companies in a report on Monday, April 1st. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $215.00 to $241.00 and gave the company a market perform rating in a report on Wednesday, April 10th. Evercore ISI upped their target price on Travelers Companies from $230.00 to $253.00 and gave the stock an outperform rating in a research note on Thursday, April 11th. HSBC upped their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a hold rating in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an underweight rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $215.71.

Travelers Companies Trading Down 0.0 %

Shares of NYSE:TRV opened at $221.06 on Monday. The business’s 50-day moving average is $221.82 and its 200 day moving average is $195.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $50.65 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.16 and a beta of 0.58. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $1.91. The business had revenue of $10.93 billion for the quarter, compared to analyst estimates of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.40 earnings per share. On average, research analysts predict that Travelers Companies will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, March 7th. This represents a $4.00 dividend on an annualized basis and a yield of 1.81%. Travelers Companies’s dividend payout ratio is currently 31.27%.

Insiders Place Their Bets

In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the transaction, the senior vice president now owns 719 shares in the company, valued at $153,046.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Paul E. Munson sold 2,121 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the transaction, the senior vice president now owns 719 shares in the company, valued at $153,046.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,775 shares of company stock worth $23,343,903. 1.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FWL Investment Management LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $26,000. Arlington Trust Co LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $27,000. Northwest Financial Advisors acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $32,000. Finally, Quarry LP acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors 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.