Travelers Companies (NYSE:TRV) Price Target Raised to $275.00 at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its target price raised by Keefe, Bruyette & Woods from $268.00 to $275.00 in a research report released on Monday,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

Other equities research analysts have also recently issued research reports about the company. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group boosted their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $260.47.

Travelers Companies Stock Up 3.8 %

Shares of NYSE:TRV opened at $251.15 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The firm has a market capitalization of $57.01 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The firm’s 50-day moving average is $247.92 and its two-hundred day moving average is $237.51. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10,795,375 billion. During the same period in the prior year, the firm earned $7.01 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts predict that Travelers Companies will post 20.33 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.67%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

Institutional Trading of Travelers Companies

A number of large investors have recently made changes to their positions in the stock. YANKCOM Partnership acquired a new stake in Travelers Companies in the 4th quarter worth about $27,000. Wolff Wiese Magana LLC boosted its stake in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new stake in Travelers Companies in the 3rd quarter worth about $41,000. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies in the 3rd quarter worth about $50,000. Finally, Versant Capital Management Inc boosted its stake in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

About Travelers Companies

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.