Barclays Cuts Travelers Companies (NYSE:TRV) Price Target to $312.00

Travelers Companies (NYSE:TRV) had its price objective reduced by Barclays from $315.00 to $312.00 in a report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the insurance provider’s stock.

Several other equities research analysts have also recently weighed in on TRV. The Goldman Sachs Group cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price objective for the company. in a research report on Wednesday. Wolfe Research began coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $305.00 to $317.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Mizuho began coverage on Travelers Companies in a research note on Monday, December 15th. They issued a “neutral” rating and a $317.00 price target on the stock. Finally, Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $298.38.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $281.99 on Thursday. Travelers Companies has a 12-month low of $230.23 and a 12-month high of $296.85. The company’s 50 day moving average price is $286.67 and its two-hundred day moving average price is $275.01. The firm has a market cap of $62.90 billion, a PE ratio of 11.09, a PEG ratio of 2.69 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $5.24 earnings per share. Equities research analysts predict that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total transaction of $575,000.00. Following the transaction, the insider directly owned 255,086 shares of the company’s stock, valued at approximately $73,337,225. The trade was 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 Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares in the company, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 46,295 shares of company stock worth $13,011,918 over the last ninety days. Insiders own 1.46% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Travelers Companies by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after purchasing an additional 313,449 shares during the period. JPMorgan Chase & Co. raised its stake in Travelers Companies by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock worth $2,162,917,000 after buying an additional 119,481 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Travelers Companies by 1.0% in the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after buying an additional 54,363 shares during the period. Valeo Financial Advisors LLC boosted its position in Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after acquiring an additional 3,611,758 shares during the last quarter. Finally, Norges Bank acquired a new stake in Travelers Companies during the 2nd quarter worth about $815,013,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Company Profile

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.