Travelers Companies (NYSE:TRV) Price Target Raised to $295.00

Travelers Companies (NYSE:TRV) had its price target boosted by Morgan Stanley from $285.00 to $295.00 in a research report released on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the insurance provider’s stock.

A number of other equities research analysts also recently commented on TRV. Barclays set a $313.00 price objective on shares of Travelers Companies in a research report on Wednesday, October 8th. Wolfe Research initiated coverage on Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Finally, Citigroup initiated coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $291.94.

Travelers Companies Trading Down 0.5%

NYSE:TRV opened at $285.33 on Monday. Travelers Companies has a 12-month low of $230.23 and a 12-month high of $290.61. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $276.01 and its 200-day simple moving average is $270.10. The firm has a market cap of $63.65 billion, a P/E ratio of 11.22, a PEG ratio of 2.38 and a beta of 0.55.

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

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies 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 transaction of $575,000.00. Following the sale, the insider owned 255,086 shares in the company, valued at approximately $73,337,225. This represents a 0.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 54,195 shares of company stock worth $15,042,229. 1.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies during the first quarter worth approximately $26,000. Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Missouri Trust & Investment Co increased its stake in Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in Travelers Companies in the 2nd quarter worth about $27,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Company Profile

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.