Travelers Companies (NYSE:TRV) Given New $252.00 Price Target at TD Cowen

Travelers Companies (NYSE:TRV) had its price target lowered by TD Cowen from $261.00 to $252.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the insurance provider’s stock.

TRV has been the topic of several other reports. Jefferies Financial Group decreased their price target on shares of Travelers Companies from $222.00 to $219.00 and set a hold rating on the stock in a research report on Friday, April 19th. Oppenheimer reiterated a market perform rating on shares of Travelers Companies in a research report on Friday, April 5th. Morgan Stanley increased their price objective on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an equal weight rating in a research note on Monday, April 15th. Evercore ISI reduced their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an outperform rating for the company in a research note on Thursday, April 18th. Finally, Citigroup increased their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $223.47.

Travelers Companies Stock Up 0.0 %

Shares of Travelers Companies stock opened at $214.35 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a market cap of $49.08 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company’s 50 day moving average is $221.75 and its 200 day moving average is $197.84.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the previous year, the business posted $4.11 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. Research analysts anticipate that Travelers Companies will post 17.71 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.96%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 4,500 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction 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 directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 4,500 shares of Travelers Companies stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,734 shares of company stock valued at $14,637,364. Corporate insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently made changes to their positions in TRV. Norges Bank purchased a new position in shares of Travelers Companies in the 4th quarter worth $282,593,000. Clearbridge Investments LLC boosted its stake in shares of Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after purchasing an additional 623,974 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Travelers Companies by 1,826.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock worth $83,731,000 after purchasing an additional 486,098 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Travelers Companies by 19,918.1% during the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock worth $90,641,000 after purchasing an additional 473,453 shares during the period. Finally, Boston Partners boosted its stake in shares of Travelers Companies by 42.5% during the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after purchasing an additional 355,489 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Company Profile

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.