Travelers Companies (NYSE:TRV) Price Target Lowered to $268.00 at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its price objective lowered by Keefe, Bruyette & Woods from $273.00 to $268.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a market perform rating on the insurance provider’s stock.

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research note on Wednesday. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Tuesday, December 10th. Royal Bank of Canada boosted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a report on Thursday, November 21st. Finally, Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $254.85.

Travelers Companies Stock Down 4.2 %

Travelers Companies stock opened at $232.53 on Friday. The company has a 50 day moving average of $250.73 and a 200-day moving average of $234.59. 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 has a twelve month low of $191.88 and a twelve month high of $269.55. The stock has a market capitalization of $52.79 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 EPS. On average, equities research analysts anticipate that Travelers Companies will post 18.84 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Transactions at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the 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 sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

Hedge funds have recently bought and sold shares of the company. Y.D. More Investments Ltd bought a new position in Travelers Companies in the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC boosted its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Travelers Companies in the 3rd quarter valued at $41,000. Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies during the 3rd quarter worth $50,000. Finally, Versant Capital Management Inc lifted its position in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the last quarter. 82.45% of the stock is owned by 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.