Travelers Companies (NYSE:TRV) Price Target Lowered to $312.00 at Barclays

Travelers Companies (NYSE:TRV) had its price objective lowered by Barclays from $315.00 to $312.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

TRV has been the subject of several other reports. Evercore ISI lifted their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a report on Wednesday. Mizuho began coverage on shares of Travelers Companies in a report on Monday, December 15th. They set a “neutral” rating and a $317.00 price objective for the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Travelers Companies in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $305.00 to $317.00 and gave the stock an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $298.38.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $284.01 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The business’s fifty day moving average price is $286.40 and its two-hundred day moving average price is $274.85. Travelers Companies has a fifty-two week low of $230.23 and a fifty-two week high of $296.85. The stock has a market capitalization of $63.35 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52.

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

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio is presently 17.30%.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the transaction, the insider owned 255,086 shares of the company’s stock, valued at $73,337,225. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total value of $6,956,250.00. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,295 shares of company stock valued at $13,011,918 in the last three months. Insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC boosted its stake in shares of Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares during the last quarter. Norges Bank bought a new stake in Travelers Companies during the second quarter worth about $815,013,000. JPMorgan Chase & Co. raised its holdings in Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after acquiring an additional 751,715 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in Travelers Companies in the third quarter valued at approximately $125,597,000. Finally, Rakuten Investment Management Inc. bought a new position in Travelers Companies in the third quarter valued at approximately $112,051,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.