Travelers Companies (NYSE:TRV) Price Target Raised to $290.00

Travelers Companies (NYSE:TRV) had its target price upped by Keefe, Bruyette & Woods from $274.00 to $290.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the insurance provider’s stock.

Several other analysts also recently commented on the company. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research report on Wednesday, January 8th. Barclays decreased their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, UBS Group decreased their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $267.32.

Travelers Companies Price Performance

TRV opened at $256.05 on Thursday. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.56. The stock has a 50-day moving average price of $252.42 and a 200-day moving average price of $249.46. The firm has a market cap of $58.05 billion, a PE ratio of 11.93, a P/E/G ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the firm posted $4.69 earnings per share. Sell-side analysts predict that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.72%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies’s dividend payout ratio is presently 23.95%.

Hedge Funds Weigh In On Travelers Companies

Hedge funds have recently bought and sold shares of the business. Clarius Group LLC lifted its position in shares of Travelers Companies by 50.6% during the first quarter. Clarius Group LLC now owns 2,669 shares of the insurance provider’s stock worth $706,000 after purchasing an additional 897 shares during the last quarter. GSB Wealth Management LLC lifted its holdings in Travelers Companies by 5.0% during the 1st quarter. GSB Wealth Management LLC now owns 10,728 shares of the insurance provider’s stock valued at $2,837,000 after buying an additional 514 shares in the last quarter. Strategic Advisors LLC lifted its holdings in Travelers Companies by 2.5% during the 1st quarter. Strategic Advisors LLC now owns 3,359 shares of the insurance provider’s stock valued at $888,000 after buying an additional 83 shares in the last quarter. Inscription Capital LLC purchased a new stake in Travelers Companies in the 1st quarter valued at about $347,000. Finally, Grove Bank & Trust grew its stake in Travelers Companies by 14.3% in the 1st quarter. Grove Bank & Trust now owns 736 shares of the insurance provider’s stock worth $195,000 after acquiring an additional 92 shares in the last quarter. 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.