The Goldman Sachs Group Raises Travelers Companies (NYSE:TRV) Price Target to $245.00

Travelers Companies (NYSE:TRV) had its target price lifted by The Goldman Sachs Group from $216.00 to $245.00 in a research note published on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the insurance provider’s stock.

TRV has been the subject of a number of other research reports. Roth Mkm upped their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Citigroup raised their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. UBS Group raised their price objective on Travelers Companies from $238.00 to $244.00 and gave the company a “neutral” rating in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $247.90.

Travelers Companies Trading Down 2.3 %

NYSE:TRV opened at $250.50 on Tuesday. The firm has a market cap of $57.36 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.28 and a beta of 0.62. The company’s 50 day moving average is $235.51 and its 200-day moving average is $220.45. Travelers Companies has a 12 month low of $159.89 and a 12 month high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 EPS. Equities analysts anticipate that Travelers Companies will post 18.24 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Buying and Selling

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the sale, the executive vice president now owns 1,715 shares in the company, valued at approximately $446,671.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,479 shares of company stock worth $15,434,526. 1.33% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRV. Wellington Management Group LLP raised its position in shares of Travelers Companies by 100.9% in the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after purchasing an additional 25,575 shares during the last quarter. Atlas Capital Advisors LLC grew its position in shares of Travelers Companies by 65.9% in the first quarter. Atlas Capital Advisors LLC now owns 413 shares of the insurance provider’s stock valued at $95,000 after purchasing an additional 164 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Travelers Companies by 264.1% in the first quarter. Sunbelt Securities Inc. now owns 1,318 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 956 shares during the last quarter. Brookstone Capital Management boosted its position in Travelers Companies by 16.2% during the first quarter. Brookstone Capital Management now owns 1,630 shares of the insurance provider’s stock worth $375,000 after acquiring an additional 227 shares during the last quarter. Finally, Sovereign Financial Group Inc. purchased a new stake in shares of Travelers Companies in the first quarter valued at approximately $227,000. 82.45% of the stock is 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.