Travelers Companies (NYSE:TRV) PT Lowered to $230.00 at UBS Group

Travelers Companies (NYSE:TRV) had its target price reduced by UBS Group from $237.00 to $230.00 in a research note released on Monday, Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

A number of other research analysts have also recently commented on the stock. TD Cowen started coverage on shares of Travelers Companies in a research report on Wednesday, January 10th. They set an outperform rating and a $247.00 target price on the stock. StockNews.com cut shares of Travelers Companies from a buy rating to a hold rating in a research report on Thursday, April 18th. Jefferies Financial Group reduced their target price on shares of Travelers Companies from $222.00 to $219.00 and set a hold rating on the stock in a research report on Friday, April 19th. The Goldman Sachs Group boosted their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a sell rating in a research report on Friday, April 12th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Travelers Companies from $241.00 to $231.00 and set a market perform rating on the stock in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $223.47.

Travelers Companies Trading Down 0.4 %

Shares of TRV stock opened at $213.43 on Monday. The stock has a market cap of $48.87 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The firm’s 50 day moving average price is $221.68 and its two-hundred day moving average price is $197.95.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same period last year, the firm earned $4.11 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts anticipate that Travelers Companies will post 17.71 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.97%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Maria Olivo sold 10,553 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total transaction of $2,247,050.29. Following the completion of the transaction, the executive vice president now owns 103,443 shares in the company, valued at $22,026,117.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,734 shares of company stock worth $16,143,904. Insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Patton Albertson Miller Group LLC grew its position in Travelers Companies by 5.1% in the 1st quarter. Patton Albertson Miller Group LLC now owns 29,908 shares of the insurance provider’s stock valued at $6,883,000 after buying an additional 1,446 shares in the last quarter. V Square Quantitative Management LLC grew its position in Travelers Companies by 15.5% in the 1st quarter. V Square Quantitative Management LLC now owns 6,867 shares of the insurance provider’s stock valued at $1,580,000 after buying an additional 921 shares in the last quarter. Simplicity Wealth LLC bought a new position in Travelers Companies in the 1st quarter valued at about $2,191,000. Essex Financial Services Inc. grew its position in Travelers Companies by 2.5% in the 1st quarter. Essex Financial Services Inc. now owns 6,258 shares of the insurance provider’s stock valued at $1,440,000 after buying an additional 153 shares in the last quarter. Finally, BSW Wealth Partners grew its position in Travelers Companies by 0.9% in the 1st quarter. BSW Wealth Partners now owns 6,229 shares of the insurance provider’s stock valued at $1,434,000 after buying an additional 53 shares in the last quarter. Institutional investors own 82.45% 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.