UBS Group Boosts Travelers Companies (NYSE:TRV) Price Target to $244.00

Travelers Companies (NYSE:TRV) had its price target increased by UBS Group from $238.00 to $244.00 in a research report sent to investors on Tuesday morning, Benzinga reports. UBS Group currently has a neutral rating on the insurance provider’s stock.

Several other equities analysts have also recently issued reports on TRV. Deutsche Bank Aktiengesellschaft boosted their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler cut their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Barclays started coverage on Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 target price for the company. Morgan Stanley lowered their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $235.42.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $265.45 on Tuesday. The stock has a fifty day moving average price of $231.88 and a 200 day moving average price of $219.65. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $269.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $60.50 billion, a PE ratio of 16.78, a P/E/G ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the business earned $1.95 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Sell-side analysts forecast that Travelers Companies will post 17.09 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 26.55%.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in TRV. Y.D. More Investments Ltd purchased a new stake in Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC increased its position in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at $42,000. Hedge funds and other institutional investors 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.