Travelers Companies (NYSE:TRV) Given New $287.00 Price Target at Barclays

Travelers Companies (NYSE:TRV) had its price target boosted by Barclays from $278.00 to $287.00 in a report issued on Friday,Benzinga reports. Barclays currently has an overweight rating on the insurance provider’s stock.

TRV has been the topic of a number of other reports. Keefe, Bruyette & Woods reduced their price objective on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $260.11.

Travelers Companies Price Performance

NYSE:TRV opened at $241.29 on Friday. The firm has a market capitalization of $54.78 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.09 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The business has a 50 day simple moving average of $248.31 and a 200-day simple moving average of $236.80. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10,795,375 billion. During the same period in the previous year, the firm earned $7.01 earnings per share. Travelers Companies’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts forecast that Travelers Companies will post 20.33 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Insider Buying and Selling

In other news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,670 shares of company stock worth $4,861,329 in the last 90 days. 1.33% of the stock is owned by corporate insiders.

Institutional Trading of Travelers Companies

Several large investors have recently added to or reduced their stakes in TRV. Ledyard National Bank grew its stake in shares of Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after buying an additional 39 shares during the period. Trueblood Wealth Management LLC raised its holdings in shares of Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after buying an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. increased its stake in Travelers Companies by 2.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after purchasing an additional 42 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after buying an additional 44 shares in the last quarter. Finally, Willner & Heller LLC raised its stake in shares of Travelers Companies by 4.1% in the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 45 shares in the last quarter. 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.