Travelers Companies (NYSE:TRV) Price Target Raised to $382.00

Travelers Companies (NYSE:TRV) had its price target boosted by Keefe, Bruyette & Woods from $372.00 to $382.00 in a research report released on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the insurance provider’s stock.

Other equities analysts have also recently issued reports about the stock. Cantor Fitzgerald boosted their price objective on shares of Travelers Companies from $377.00 to $378.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. HSBC upped their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Truist Financial raised their target price on shares of Travelers Companies from $425.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Friday, October 16th. Finally, Morgan Stanley boosted their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $364.32.

Travelers Companies Trading Up 1.7%

NYSE:TRV opened at $405.64 on Tuesday. The firm has a market cap of $83.14 billion, a P/E ratio of 10.48, a PEG ratio of 2.81 and a beta of 0.43. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $370.83 and its 200-day simple moving average is $340.73. Travelers Companies has a 12-month low of $264.25 and a 12-month high of $407.87.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping the consensus estimate of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business had revenue of $12.41 billion during the quarter, compared to analysts’ expectations of $11.36 billion. During the same quarter in the prior year, the business earned $8.14 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts anticipate that Travelers Companies will post 35.65 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies’s dividend payout ratio is currently 13.11%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Klein sold 7,500 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $392.79, for a total value of $2,945,925.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $17,724,648.75. This trade represents a 14.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 15,100 shares of the firm’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $398.44, for a total value of $6,016,444.00. Following the completion of the sale, the executive vice president directly owned 103,642 shares of the company’s stock, valued at approximately $41,295,118.48. This trade represents a 12.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,600 shares of company stock valued at $11,181,529 in the last quarter. 1.39% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Travelers Companies during the second quarter worth about $6,915,909,000. Bank of America Corp DE acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $932,142,000. GQG Partners LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $789,024,000. Legal & General Group Plc acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $558,164,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $469,505,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Key Stories Impacting Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Keefe, Bruyette & Woods, Mizuho, and JPMorgan Chase each raised their price targets for Travelers, signaling greater confidence in the insurer’s earnings outlook and supporting the stock’s recent strength. Keefe, Bruyette & Woods price target article Mizuho price target article JPMorgan price target article
• Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, while Truist Financial also increased its price target. These revisions add to the positive analyst momentum around the company. Wells Fargo analyst article Truist Financial price target article
• Positive Sentiment: A recent investment article highlighted Travelers’ strong underwriting profitability, noting that the company retains roughly 16 cents of each premium dollar as underwriting profit. Its latest reported quarter also exceeded consensus estimates for both earnings and revenue, reinforcing the investment case. Insurance stocks investment article
• Neutral Sentiment: Analyst views remain mixed: BMO Capital assigned a Hold rating, while Barclays issued a Sell rating. The split suggests valuation and future growth remain areas of debate despite the recent target increases. BMO Hold rating Barclays Sell rating
• Negative Sentiment: Travelers executives Michael Klein and Maria Olivo sold a combined 22,600 shares worth approximately $9 million. Although both retained substantial holdings, the sales reduce insider ownership and may create a modest negative signal for investors. Michael Klein SEC filing Maria Olivo SEC filing

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.