Travelers Companies (NYSE:TRV) Price Target Raised to $378.00

Travelers Companies (NYSE:TRV) had its target price upped by Cantor Fitzgerald from $377.00 to $378.00 in a research note released on Wednesday morning, Marketbeat reports. Cantor Fitzgerald currently has an overweight rating on the insurance provider’s stock.

Several other research firms have also recently commented on TRV. Weiss Ratings raised Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, September 24th. Roth Capital boosted their price objective on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Raymond James Financial set a $430.00 target price on Travelers Companies in a report on Monday, July 20th. HSBC raised their target price on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Finally, Mizuho boosted their price target on shares of Travelers Companies from $343.00 to $348.00 and gave the company a “neutral” rating in a research report on Wednesday, September 16th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $356.89.

Travelers Companies Stock Down 0.4%

Shares of NYSE TRV opened at $368.62 on Wednesday. Travelers Companies has a 12-month low of $252.26 and a 12-month high of $398.70. The stock has a market cap of $76.88 billion, a PE ratio of 9.87, a P/E/G ratio of 3.05 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 0.27. The company has a 50-day moving average of $369.18 and a 200 day moving average of $334.42.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $6.51 EPS. As a group, sell-side analysts predict that Travelers Companies will post 33.98 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th were issued a dividend of $1.25 per share. The ex-dividend date was Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s dividend payout ratio is 13.39%.

Insider Buying and Selling

In other news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Klein sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,667 shares of company stock worth $21,830,989 over the last ninety days. Company insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently modified their holdings of the company. HHM Wealth Advisors LLC grew its stake in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at $26,000. LifeSteps Financial Inc. purchased a new stake in Travelers Companies during the 2nd quarter worth about $26,000. Kilter Group LLC purchased a new stake in Travelers Companies during the 2nd quarter worth about $26,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $30,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Key Travelers Companies News

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

• Positive Sentiment: Travelers has the potential for an earnings beat, according to Zacks, which cites favorable earnings-estimate revisions and other indicators ahead of the company’s quarterly report. This follows a strong prior quarter in which Travelers substantially exceeded EPS and revenue expectations. Travelers Expected to Beat Earnings Estimates
• Positive Sentiment: Cantor Fitzgerald raised its price target for Travelers, adding to evidence that some analysts see further value in the insurer.
• Positive Sentiment: Travelers was included among insurers positioned to benefit from the expanding embedded-insurance market, a potential longer-term growth opportunity. Insurers Benefiting From Embedded Insurance
• Neutral Sentiment: Investors are focused on Travelers’ upcoming quarterly earnings release, with recent coverage highlighting revised Wall Street expectations and the importance of catastrophe losses, underwriting results and investment income. Wall Street Forecasts Ahead of Travelers Earnings
• Negative Sentiment: JPMorgan raised its price target modestly to $352 but maintained a neutral rating. The target implies roughly 4.5% downside from the referenced market level, limiting the bullish impact of the revision.
• Negative Sentiment: Barclays reiterated a sell rating, while Mizuho lowered its expectations for Travelers’ stock price. These cautious calls likely contributed to pressure on TRV ahead of earnings.

About Travelers Companies

Travelers Companies, Inc is an insurance provider that offers property and casualty coverage to individuals, businesses and organizations. The company operates through three primary segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance.

Its products and services include automobile and homeowners insurance, workers’ compensation, commercial property and casualty coverage, general and professional liability insurance, surety and fidelity bonds, and specialized insurance solutions for industries and businesses with complex risks.