Travelers Companies (NYSE:TRV) Given New $385.00 Price Target at Citigroup

Travelers Companies (NYSE:TRV) had its price target lifted by Citigroup from $315.00 to $385.00 in a report issued on Monday,Benzinga reports. The firm currently has a neutral rating on the insurance provider’s stock.

Other equities analysts also recently issued reports about the stock. Truist Financial increased their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday. TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a research note on Monday, July 13th. BMO Capital Markets upped their price target on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. HSBC raised their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Finally, Bank of America lifted their price objective on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $341.00.

Travelers Companies Stock Down 0.2%

Travelers Companies stock opened at $368.20 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.35. The stock has a market capitalization of $78.30 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 3.28 and a beta of 0.46. The business has a 50 day simple moving average of $315.77 and a 200-day simple moving average of $302.11. Travelers Companies has a 12 month low of $252.26 and a 12 month high of $371.94.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $6.51 EPS. On average, analysts anticipate that Travelers Companies will post 28.39 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is presently 13.39%.

Insider Activity

In other news, insider Avrohom J. Kess sold 6,735 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the sale, the insider directly owned 48,737 shares in the company, valued at $15,049,010.86. This represents a 12.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the transaction, the insider directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,292 shares of company stock worth $5,639,800 over the last three months. Insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after purchasing an additional 110,311 shares during the last quarter. State Street Corp grew its holdings in shares of Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after purchasing an additional 486,861 shares during the period. Morgan Stanley grew its holdings in shares of Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after purchasing an additional 85,298 shares during the period. Dimensional Fund Advisors LP increased its position in Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after purchasing an additional 123,564 shares during the last quarter. Finally, Norges Bank acquired a new stake in Travelers Companies during the fourth quarter worth about $723,339,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Truist Financial raised its price target on Travelers from $395 to $425 and kept a buy rating, citing continued upside from top- and bottom-line momentum. Article Title
• Positive Sentiment: Citigroup also lifted its target from $315 to $385, suggesting more modest but still positive upside from current levels. Article Title
• Positive Sentiment: Recent coverage highlighted Travelers’ Q2 earnings beat, with strong underwriting results and expanding capital returns helping drive renewed investor optimism. Article Title
• Positive Sentiment: The company’s earnings surprise was large enough to push the stock to a new 52-week high and fuel follow-on bullish commentary from investors and media. Article Title
• Neutral Sentiment: Several writeups focused on Travelers’ strong Q2 performance, including a report that profit jumped sharply and the stock rallied on the results. Article Title
• Neutral Sentiment: One Seeking Alpha piece argued the results were especially strong and linked them to the AI datacenter boom, but it does not directly change the fundamentals investors are watching. Article Title
• Negative Sentiment: Goldman Sachs downgraded Travelers to sell from neutral and set a $350 target, signaling skepticism after the post-earnings rally. Article Title
• Negative Sentiment: Another Goldman note separately reinforced a more cautious stance, saying the shares have limited upside from current levels after the strong move. Article Title

About Travelers Companies

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.