Travelers Companies (NYSE:TRV) had its price target increased by UBS Group from $146.00 to $152.00 in a research report sent to investors on Wednesday morning, Stock Target Advisor reports. UBS Group currently has a neutral rating on the insurance provider’s stock.
Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods lowered shares of Travelers Companies from an outperform rating to a market perform rating and set a $153.00 target price for the company. in a research note on Wednesday, June 5th. MKM Partners lifted their target price on shares of Travelers Companies to $140.00 and gave the company a neutral rating in a research note on Monday, April 22nd. Barclays set a $34.00 target price on shares of DCP Midstream and gave the company a hold rating in a research note on Wednesday, May 22nd. Royal Bank of Canada set a GBX 5,200 ($67.95) price target on shares of London Stock Exchange Group and gave the company a buy rating in a report on Wednesday, April 24th. Finally, Zacks Investment Research upgraded shares of IQE from a sell rating to a hold rating in a report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $144.93.
Shares of NYSE:TRV opened at $153.39 on Wednesday. The firm’s fifty day moving average is $150.06. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.38 and a beta of 0.96. Travelers Companies has a 12-month low of $111.08 and a 12-month high of $154.73. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.94 billion. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $2.46 EPS. Sell-side analysts expect that Travelers Companies will post 11.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s dividend payout ratio (DPR) is 36.69%.
In related news, SVP Douglas K. Russell sold 2,991 shares of Travelers Companies stock in a transaction on Friday, April 26th. The shares were sold at an average price of $140.00, for a total value of $418,740.00. Following the transaction, the senior vice president now owns 19,580 shares in the company, valued at approximately $2,741,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jay S. Benet sold 60,979 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $137.46, for a total transaction of $8,382,173.34. Following the completion of the transaction, the insider now owns 146,845 shares in the company, valued at approximately $20,185,313.70. The disclosure for this sale can be found here. Insiders sold a total of 211,860 shares of company stock worth $30,020,402 in the last quarter. Insiders own 0.73% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sontag Advisory LLC bought a new position in Travelers Companies in the 4th quarter worth $27,000. Interactive Financial Advisors bought a new position in Travelers Companies in the 1st quarter worth $27,000. Princeton Global Asset Management LLC bought a new position in Travelers Companies in the 1st quarter worth $27,000. Buffington Mohr McNeal bought a new position in Travelers Companies in the 1st quarter worth $28,000. Finally, Global Retirement Partners LLC raised its holdings in Travelers Companies by 120.5% in the 4th quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 80.57% of the company’s stock.
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.
See Also: What is a growth and income fund?
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.