Evercore ISI Cuts Travelers Companies (NYSE:TRV) Price Target to $250.00

Travelers Companies (NYSE:TRV) had its price objective cut by Evercore ISI from $253.00 to $250.00 in a research note published on Thursday morning, Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

TRV has been the topic of several other reports. Raymond James boosted their target price on Travelers Companies from $220.00 to $245.00 and gave the company a strong-buy rating in a research note on Monday, January 22nd. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $194.00 to $213.00 and gave the company an underweight rating in a research note on Monday, April 8th. HSBC upped their price objective on shares of Travelers Companies from $218.00 to $240.00 and gave the company a hold rating in a report on Thursday, April 4th. Roth Mkm reiterated a buy rating and issued a $240.00 target price on shares of Travelers Companies in a research note on Thursday. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Travelers Companies from $241.00 to $231.00 and set a market perform rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $218.39.

Travelers Companies Trading Up 1.9 %

NYSE TRV opened at $210.46 on Thursday. The business’s fifty day moving average is $221.80 and its 200-day moving average is $196.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $48.22 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.08 and a beta of 0.58. Travelers Companies has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $4.11 EPS. Equities research analysts predict that Travelers Companies will post 17.62 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, June 10th. This represents a $4.20 annualized dividend and a dividend yield of 2.00%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the sale, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the transaction, the executive vice president now directly owns 14,080 shares in the company, valued at $2,966,374.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the sale, the insider now owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,775 shares of company stock worth $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after acquiring an additional 148,012 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Travelers Companies by 56.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,766,079 shares of the insurance provider’s stock worth $1,288,871,000 after acquiring an additional 2,440,650 shares during the period. Clearbridge Investments LLC lifted its position in Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after purchasing an additional 623,974 shares during the period. Northern Trust Corp grew its position in Travelers Companies by 0.9% in the 3rd quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock worth $560,451,000 after purchasing an additional 29,989 shares during the period. Finally, Morgan Stanley raised its stake in Travelers Companies by 19.6% during the 4th quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after buying an additional 539,294 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Company Profile

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.