Jefferies Financial Group Raises Travelers Companies (NYSE:TRV) Price Target to $235.00

Travelers Companies (NYSE:TRV) had its target price lifted by Jefferies Financial Group from $210.00 to $235.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the insurance provider’s stock.

A number of other research firms have also recently commented on TRV. Bank of America increased their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the company an underperform rating in a research report on Monday, July 22nd. Morgan Stanley decreased their target price on shares of Travelers Companies from $220.00 to $210.00 and set an equal weight rating for the company in a research report on Friday, July 19th. Royal Bank of Canada reissued a sector perform rating and set a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an underweight rating in a research report on Thursday, July 11th. Finally, Piper Sandler decreased their target price on shares of Travelers Companies from $213.00 to $207.00 and set a neutral rating for the company in a research report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $230.89.

Travelers Companies Price Performance

Shares of TRV opened at $236.58 on Wednesday. The company has a 50 day moving average price of $227.80 and a 200-day moving average price of $218.87. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $243.48. The stock has a market capitalization of $53.92 billion, a PE ratio of 14.95, a PEG ratio of 1.21 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. During the same period in the previous year, the company posted $0.06 EPS. Travelers Companies’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts predict that Travelers Companies will post 17.2 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.78%. Travelers Companies’s dividend payout ratio is presently 26.55%.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.33% of the stock is owned by company insiders.

Institutional Trading of Travelers Companies

Institutional investors have recently modified their holdings of the stock. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies in the second quarter valued at about $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC boosted its position in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Travelers Companies during the first quarter worth about $42,000. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies during the first quarter worth about $45,000. Institutional investors and hedge funds 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.