Travelers Companies (NYSE:TRV) Price Target Lowered to $225.00 at Royal Bank of Canada

Travelers Companies (NYSE:TRV) had its price objective trimmed by Royal Bank of Canada from $230.00 to $225.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a sector perform rating on the insurance provider’s stock.

TRV has been the subject of a number of other research reports. Oppenheimer restated a market perform rating on shares of Travelers Companies in a research report on Friday, April 5th. Roth Mkm restated a buy rating and set a $240.00 target price on shares of Travelers Companies in a research report on Thursday. UBS Group increased their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the company a neutral rating in a research report on Tuesday, January 23rd. Evercore ISI cut their price objective on Travelers Companies from $253.00 to $250.00 and set an outperform rating for the company in a research report on Thursday. Finally, Raymond James increased their target price on Travelers Companies from $220.00 to $245.00 and gave the company a strong-buy rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $218.39.

Travelers Companies Stock Up 1.9 %

TRV stock opened at $210.46 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $221.80 and its 200 day moving average price is $196.27. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a market cap of $48.22 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.08 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the previous year, the business posted $4.11 earnings per share. Travelers Companies’s revenue was up 15.7% on a year-over-year basis. On average, research analysts expect that Travelers Companies will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a 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 presently 29.72%.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated 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 transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were 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 owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction 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 owns 14,080 shares in the company, valued at approximately $2,966,374.40. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock worth $23,343,903 over the last three months. 1.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently modified their holdings of the stock. Mn Services Vermogensbeheer B.V. boosted its holdings in Travelers Companies by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock worth $18,217,000 after acquiring an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC increased its stake in Travelers Companies by 124.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after buying an additional 7,649 shares during the period. Worth Asset Management LLC purchased a new position in Travelers Companies in the 4th quarter valued at about $2,201,000. Nordea Investment Management AB boosted its holdings in Travelers Companies by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after purchasing an additional 16,580 shares during the last quarter. Finally, DNB Asset Management AS raised its holdings in Travelers Companies by 53.5% in the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after acquiring an additional 24,230 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.