Travelers Companies (NYSE:TRV) Given New $315.00 Price Target at Citigroup

Travelers Companies (NYSE:TRV) had its price objective increased by Citigroup from $291.00 to $315.00 in a research note released on Tuesday,Benzinga reports. They currently have a sell rating on the insurance provider’s stock.

Other research analysts have also recently issued research reports about the company. Morgan Stanley lifted their target price on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. Cantor Fitzgerald upped their target price on shares of Travelers Companies from $308.00 to $316.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 12th. Finally, Roth Mkm boosted their price target on shares of Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $302.80.

Travelers Companies Stock Down 0.2%

Travelers Companies stock opened at $281.23 on Tuesday. The firm has a market capitalization of $62.73 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 1.56 and a beta of 0.52. The firm’s fifty day moving average price is $285.02 and its two-hundred day moving average price is $276.30. Travelers Companies has a 1-year low of $230.43 and a 1-year high of $296.85. The company has a current ratio of 0.33, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.15 EPS. On average, equities research analysts predict that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio is presently 15.98%.

Travelers Companies announced that its board has initiated a share repurchase program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $73,337,225. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total value of $4,675,516.24. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,699,602.75. This represents a 73.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 54,435 shares of company stock valued at $15,366,736 in the last three months. Insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. 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. Delos Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Quaker Wealth Management LLC grew its stake in Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after buying an additional 208 shares in the last quarter. Finally, Clayton Financial Group LLC purchased a new position in Travelers Companies in the 3rd quarter valued at approximately $28,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies News Summary

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

• Positive Sentiment: Strong quarterly results, dividend and big buyback support valuation — TRV reported an upside EPS beat and revenue above expectations for the latest quarter, declared a $1.10 quarterly dividend, and the board authorized a $5.0 billion share buyback (about 8.3% of shares). Those actions improve capital return visibility and support the stock. MarketBeat TRV Coverage
• Positive Sentiment: Multiple analyst price-target increases — Several shops have lifted price targets recently (including a move to $320). Higher targets can help underpin upside expectations even where ratings vary. Price Target Raise to $320
• Positive Sentiment: Independent upgrade to “strong-buy” from Argus — Another analyst upgrade adds a buy-side voice supporting TRV shares. Argus Upgrade (via Zacks/TickerReport)
• Neutral Sentiment: Mixed analyst views remain — Citigroup raised its price target to $315 but retained a “sell” rating, and other firms show a range of ratings from strong-buy to hold. That mixed research flow keeps sentiment and trading direction uncertain. Benzinga Analyst Note
• Neutral Sentiment: Travel demand data are healthy but indirect for insurers — industry reports (Flywire on luxury travel spending and American Airlines’ record revenue) point to robust travel activity, which can raise premium opportunities for travel-related insurance lines but is a second-order effect for Travelers’ broad P&C business. Flywire Report American Airlines Revenue
• Negative Sentiment: Insider selling by an EVP — Jeffrey Klenk sold 16,712 shares (~$4.68M) and materially reduced his holding; while single insider sales can be benign, large reductions by senior executives often spur short-term selling and investor scrutiny. InsiderTrades: Form 4 / SEC Filing

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.