Travelers Companies (NYSE:TRV) Given New $231.00 Price Target at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its price target cut by Keefe, Bruyette & Woods from $241.00 to $231.00 in a report issued on Thursday morning, Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

TRV has been the topic of several other reports. Citigroup lifted their target price on Travelers Companies from $215.00 to $226.00 and gave the stock a neutral rating in a report on Tuesday. Piper Sandler reaffirmed a neutral rating and issued a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. HSBC increased their target price on shares of Travelers Companies from $218.00 to $240.00 and gave the company a hold rating in a research report on Thursday, April 4th. Oppenheimer reaffirmed a market perform rating on shares of Travelers Companies in a research note on Friday, April 5th. Finally, Roth Mkm restated a buy rating and issued a $240.00 target price on shares of Travelers Companies in a report on Thursday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of Hold and an average target price of $218.39.

Travelers Companies Stock Up 1.9 %

Shares of NYSE TRV opened at $210.46 on Thursday. The company has a 50 day simple moving average of $221.80 and a 200 day simple moving average of $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. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75. The firm has a market cap of $48.22 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58.

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

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a $1.05 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.00%. Travelers Companies’s payout ratio is presently 29.72%.

Insider Activity

In other news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares in the company, valued at approximately $2,966,374.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,775 shares of company stock valued at $23,343,903. Insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of hedge funds have recently modified their holdings of TRV. Fairfield Bush & CO. bought a new stake in Travelers Companies during the first quarter worth about $160,000. Cibc World Market Inc. grew its stake in shares of Travelers Companies by 28.8% in the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock worth $1,084,000 after buying an additional 1,327 shares during the last quarter. Vontobel Holding Ltd. increased its position in Travelers Companies by 1.0% during the 1st quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after buying an additional 115 shares in the last quarter. Blair William & Co. IL boosted its holdings in Travelers Companies by 40.6% in the first quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock worth $9,420,000 after acquiring an additional 14,873 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Travelers Companies by 5.0% in the first quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock worth $4,952,000 after acquiring an additional 1,286 shares during the last quarter. Institutional investors 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.