Morgan Stanley Cuts Travelers Companies (NYSE:TRV) Price Target to $210.00

Travelers Companies (NYSE:TRV) had its price target decreased by Morgan Stanley from $220.00 to $210.00 in a report published on Friday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the insurance provider’s stock.

Several other brokerages have also commented on TRV. Citigroup reissued a sell rating and set a $200.00 price objective (down previously from $226.00) on shares of Travelers Companies in a research report on Friday, June 28th. HSBC raised their price objective on Travelers Companies from $218.00 to $240.00 and gave the company a hold rating in a research report on Thursday, April 4th. Roth Mkm reaffirmed a buy rating and issued a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. The Goldman Sachs Group lifted their price target on Travelers Companies from $186.00 to $212.00 and gave the stock a sell rating in a research report on Friday, April 12th. Finally, JMP Securities reaffirmed a market perform rating on shares of Travelers Companies in a research report on Friday, April 19th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of Hold and an average price target of $220.94.

Travelers Companies Stock Performance

Shares of TRV stock opened at $205.42 on Friday. The stock has a fifty day moving average of $210.31 and a 200 day moving average of $214.06. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The firm has a market capitalization of $47.04 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.22 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. 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 business earned $0.06 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts expect that Travelers Companies will post 16.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.04%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TRV. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies in the 1st quarter valued at about $35,000. Beacon Capital Management LLC lifted its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. Northwest Financial Advisors purchased a new stake in shares of Travelers Companies in the 4th quarter valued at about $32,000. Opal Wealth Advisors LLC purchased a new stake in shares of Travelers Companies in the 1st quarter valued at about $42,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of Travelers Companies in the 1st quarter valued at about $45,000. 82.45% of the stock is owned by institutional investors and hedge funds.

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.