Travelers Companies (NYSE:TRV) Given New $295.00 Price Target at Morgan Stanley

Travelers Companies (NYSE:TRV) had its price objective hoisted by Morgan Stanley from $285.00 to $295.00 in a research note published on Monday,Benzinga reports. They currently have an equal weight rating on the insurance provider’s stock.

A number of other equities analysts have also recently issued reports on TRV. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $291.94.

Travelers Companies Price Performance

NYSE TRV opened at $284.37 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $63.43 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 2.38 and a beta of 0.55. The business has a 50 day simple moving average of $275.48 and a 200 day simple moving average of $269.85. Travelers Companies has a 52-week low of $230.23 and a 52-week high of $290.61.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the prior year, the company earned $5.24 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Insider Activity

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. This trade represents a 48.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 54,195 shares of company stock valued at $15,042,229. 1.46% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies during the 1st quarter worth approximately $26,000. Osterweis Capital Management Inc. boosted its position in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. Missouri Trust & Investment Co increased its holdings in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Delos Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the second quarter valued at $27,000. Finally, Barnes Dennig Private Wealth Management LLC raised its position in shares of Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Institutional investors own 82.45% of the company’s stock.

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.