Travelers Companies (NYSE:TRV) Price Target Raised to $317.00

Travelers Companies (NYSE:TRV) had its price target lifted by Keefe, Bruyette & Woods from $305.00 to $317.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

A number of other research firms have also recently commented on TRV. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Piper Sandler increased their price objective on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Wolfe Research began coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $298.38.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $284.01 on Tuesday. Travelers Companies has a 1 year low of $230.23 and a 1 year high of $296.85. The stock has a market capitalization of $63.35 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company’s 50 day simple moving average is $286.40 and its 200 day simple moving average is $274.85.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter last year, the business posted $5.24 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. As a group, research analysts predict that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Insider Activity

In related news, CFO Daniel S. Frey sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the sale, the chief financial officer owned 26,932 shares in the company, valued at $7,493,829. This represents a 48.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $34,776,665.08. This represents a 7.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,295 shares of company stock worth $13,011,918 in the last three months. Corporate insiders own 1.46% of the company’s stock.

Institutional Trading of Travelers Companies

Several hedge funds have recently modified their holdings of TRV. Tompkins Financial Corp increased its stake in Travelers Companies by 8.6% in the fourth quarter. Tompkins Financial Corp now owns 622 shares of the insurance provider’s stock valued at $180,000 after purchasing an additional 49 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Travelers Companies by 12.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 219,988 shares of the insurance provider’s stock valued at $62,732,000 after buying an additional 24,495 shares during the period. NorthCrest Asset Manangement LLC increased its position in Travelers Companies by 6.5% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,559 shares of the insurance provider’s stock valued at $737,000 after buying an additional 156 shares in the last quarter. Chesapeake Asset Management LLC raised its stake in Travelers Companies by 10.8% during the 4th quarter. Chesapeake Asset Management LLC now owns 3,018 shares of the insurance provider’s stock worth $875,000 after buying an additional 293 shares during the period. Finally, Gryphon Financial Partners LLC boosted its holdings in Travelers Companies by 3.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,894 shares of the insurance provider’s stock worth $839,000 after acquiring an additional 102 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.