Citigroup Increases Travelers Companies (NYSE:TRV) Price Target to $226.00

Travelers Companies (NYSE:TRV) had its target price lifted by Citigroup from $215.00 to $226.00 in a research note released on Tuesday morning, Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Other equities research analysts also recently issued reports about the company. Morgan Stanley increased their price objective on Travelers Companies from $222.00 to $230.00 and gave the company an equal weight rating in a report on Monday. Janney Montgomery Scott initiated coverage on Travelers Companies in a report on Wednesday, December 20th. They issued a buy rating and a $215.00 target price for the company. TD Cowen started coverage on Travelers Companies in a report on Wednesday, January 10th. They issued an outperform rating and a $247.00 target price for the company. JPMorgan Chase & Co. raised their price target on Travelers Companies from $194.00 to $213.00 and gave the company an underweight rating in a report on Monday, April 8th. Finally, The Goldman Sachs Group boosted their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a sell rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $218.39.

Travelers Companies Trading Up 1.9 %

NYSE TRV opened at $210.46 on Tuesday. The firm’s 50-day moving average is $221.80 and its two-hundred day moving average is $196.27. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $48.22 billion, a P/E ratio of 16.46, a PEG ratio of 1.17 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.11 earnings per share. On average, sell-side analysts anticipate that Travelers Companies will post 17.64 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.00%. Travelers Companies’s dividend payout ratio is currently 31.27%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the sale, the insider now owns 255,178 shares in the company, valued at $54,291,671.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,775 shares of company stock valued at $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds have recently bought and sold shares of the stock. First Command Advisory Services Inc. purchased a new position in shares of Travelers Companies in the third quarter worth $26,000. Arlington Trust Co LLC bought a new position in Travelers Companies in the 3rd quarter worth about $27,000. FWL Investment Management LLC bought a new position in Travelers Companies in the 4th quarter worth about $28,000. Quarry LP bought a new position in Travelers Companies during the 1st quarter valued at about $31,000. Finally, Northwest Financial Advisors bought a new position in Travelers Companies during the 4th quarter valued at about $32,000. 82.45% of the stock is currently 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.