Analysts Set The Travelers Companies, Inc. (NYSE:TRV) Target Price at $260.47

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been assigned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $260.47.

TRV has been the subject of several research analyst reports. Barclays lifted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. UBS Group raised their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Finally, Jefferies Financial Group boosted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently modified their holdings of the business. Lake Street Advisors Group LLC grew its holdings in Travelers Companies by 2.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock worth $555,000 after purchasing an additional 46 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Travelers Companies by 465.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 66,032 shares of the insurance provider’s stock worth $15,906,000 after buying an additional 54,355 shares during the last quarter. Edge Capital Group LLC bought a new position in Travelers Companies during the 4th quarter valued at approximately $208,000. Crestwood Advisors Group LLC raised its stake in Travelers Companies by 79.4% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,484 shares of the insurance provider’s stock valued at $598,000 after buying an additional 1,099 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Travelers Companies by 213.3% in the fourth quarter. IFP Advisors Inc now owns 13,110 shares of the insurance provider’s stock worth $3,158,000 after acquiring an additional 8,925 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.1 %

Shares of NYSE:TRV opened at $244.29 on Friday. The company has a market cap of $55.46 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.07 and a beta of 0.64. Travelers Companies has a one year low of $200.21 and a one year high of $269.55. The firm has a fifty day moving average price of $246.42 and a two-hundred day moving average price of $238.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $7.01 EPS. Analysts anticipate that Travelers Companies will post 20.6 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm 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. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.72%. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.