Travelers Companies (NYSE:TRV) Price Target Raised to $234.00 at Deutsche Bank Aktiengesellschaft

Travelers Companies (NYSE:TRV) had its price target increased by Deutsche Bank Aktiengesellschaft from $221.00 to $234.00 in a report published on Wednesday, Benzinga reports. The firm currently has a hold rating on the insurance provider’s stock.

A number of other analysts also recently weighed in on TRV. Roth Mkm restated a buy rating and issued a $240.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. JMP Securities reaffirmed a market perform rating on shares of Travelers Companies in a research note on Friday, April 19th. TD Cowen downgraded shares of Travelers Companies from a buy rating to a hold rating and decreased their target price for the company from $252.00 to $230.00 in a research report on Monday, July 15th. Royal Bank of Canada restated a sector perform rating and issued a $225.00 price target on shares of Travelers Companies in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an underweight rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $223.78.

Travelers Companies Price Performance

TRV traded up $0.80 on Wednesday, reaching $212.48. The stock had a trading volume of 1,112,099 shares, compared to its average volume of 1,376,388. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $48.43 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The firm has a 50-day moving average of $209.52 and a 200-day moving average of $215.20.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter last year, the business earned $0.06 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Travelers Companies will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.98%. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC boosted its stake in Travelers Companies by 386.3% in the second quarter. Virtu Financial LLC now owns 13,528 shares of the insurance provider’s stock valued at $2,751,000 after acquiring an additional 10,746 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of Travelers Companies by 12.4% during the 2nd quarter. Moors & Cabot Inc. now owns 7,700 shares of the insurance provider’s stock valued at $1,566,000 after buying an additional 851 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Travelers Companies by 324.9% during the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after buying an additional 230,612 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in Travelers Companies by 2.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 39,404 shares of the insurance provider’s stock worth $8,012,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after acquiring an additional 165,708 shares during the period. 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.