Wells Fargo & Company Issues Positive Forecast for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its price target boosted by Wells Fargo & Company from $294.00 to $307.00 in a report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the insurance provider’s stock.

TRV has been the subject of a number of other reports. Morgan Stanley boosted their target price on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $305.00 to $317.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. UBS Group increased their target price on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. The Goldman Sachs Group cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price on the stock. in a research report on Wednesday, January 7th. Finally, Barclays reduced their price target on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $299.19.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $271.22 on Tuesday. 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 firm has a market cap of $60.50 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 2.68 and a beta of 0.52. The business has a 50-day simple moving average of $286.81 and a two-hundred day simple moving average of $275.29. Travelers Companies has a fifty-two week low of $230.43 and a fifty-two week high of $296.85.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results 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 net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter last year, the firm posted $5.24 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts expect that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 1,803 shares of Travelers Companies stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $289.55, for a total transaction of $522,058.65. Following the sale, the insider owned 255,086 shares in the company, valued at $73,860,151.30. This trade represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the transaction, the executive vice president directly owned 33,638 shares in the company, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 46,295 shares of company stock worth $13,011,918. Company insiders own 1.46% of the company’s stock.

Institutional Trading of Travelers Companies

A number of institutional investors and hedge funds have recently bought and sold shares of TRV. Vanguard Group Inc. grew its position in shares of Travelers Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock valued at $5,898,456,000 after purchasing an additional 313,449 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Travelers Companies by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after buying an additional 119,481 shares in the last quarter. Geode Capital Management LLC grew its holdings in Travelers Companies by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after buying an additional 54,363 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after acquiring an additional 3,611,758 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $815,013,000. 82.45% of the stock is currently owned by institutional investors.

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.