Travelers Companies (NYSE:TRV) PT Raised to $226.00 at Citigroup

Travelers Companies (NYSE:TRV) had its target price upped by Citigroup from $215.00 to $226.00 in a report issued on Tuesday morning, Benzinga reports. Citigroup currently has a neutral rating on the insurance provider’s stock.

Several other research analysts also recently commented on the stock. TD Cowen began coverage on shares of Travelers Companies in a research note on Wednesday, January 10th. They set an outperform rating and a $247.00 price target on the stock. UBS Group raised their target price on shares of Travelers Companies from $205.00 to $225.00 and gave the stock a neutral rating in a report on Tuesday, January 23rd. Janney Montgomery Scott began coverage on shares of Travelers Companies in a report on Wednesday, December 20th. They issued a buy rating and a $215.00 target price on the stock. StockNews.com upgraded shares of Travelers Companies from a hold rating to a buy rating in a report on Friday, March 29th. Finally, Oppenheimer restated a market perform rating on shares of Travelers Companies in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has an average rating of Hold and a consensus price target of $217.00.

Travelers Companies Trading Up 0.9 %

TRV stock opened at $223.11 on Tuesday. The company has a market capitalization of $51.12 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58. Travelers Companies has a one year low of $157.33 and a one year high of $232.75. The company’s 50 day moving average price is $222.02 and its two-hundred day moving average price is $196.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, topping the consensus estimate of $5.10 by $1.91. The firm had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $3.40 earnings per share. As a group, analysts predict that Travelers Companies will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.27%.

Insider Activity

In other news, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was 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 of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Frederick Klein sold 12,287 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,775 shares of company stock worth $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Hedge funds have recently bought and sold shares of the business. First Command Advisory Services Inc. purchased a new position in Travelers Companies in the 3rd quarter worth about $26,000. Arlington Trust Co LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at about $27,000. FWL Investment Management LLC purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $28,000. Quarry LP purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $31,000. Finally, Northwest Financial Advisors purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $32,000. 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.