Travelers Companies (NYSE:TRV) Shares Gap Down to $206.95

The Travelers Companies, Inc. (NYSE:TRV)’s share price gapped down prior to trading on Friday . The stock had previously closed at $206.95, but opened at $200.68. Travelers Companies shares last traded at $203.26, with a volume of 186,393 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore ISI decreased their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. JPMorgan Chase & Co. increased their price objective on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Morgan Stanley increased their price objective on Travelers Companies from $214.00 to $216.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Finally, Roth Mkm reissued a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has 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 a consensus target price of $221.12.

Travelers Companies Stock Performance

The firm has a market capitalization of $46.67 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.09 and a beta of 0.62. The company has a fifty day moving average of $212.76 and a two-hundred day moving average of $211.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same period in the previous year, the business posted $4.11 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.59 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.06%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. Travelers Companies’s payout ratio is currently 31.20%.

Insider Activity

In other news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock valued at $3,980,827 in the last ninety days. 1.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors have recently modified their holdings of TRV. Northwest Financial Advisors bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $32,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC grew its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Private Wealth Management Group LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $39,000. Finally, Valued Wealth Advisors LLC purchased a new position in Travelers Companies in the fourth quarter valued at approximately $40,000. 82.45% of the stock is owned by institutional investors.

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.