Travelers Companies (NYSE:TRV) Price Target Increased to $226.00 by Analysts at Citigroup

Travelers Companies (NYSE:TRV) had its price objective upped by Citigroup from $215.00 to $226.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the insurance provider’s stock.

A number of other equities research analysts have also weighed in on TRV. Morgan Stanley upped their target price on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an equal weight rating in a report on Monday, April 15th. The Goldman Sachs Group raised their target price on Travelers Companies from $186.00 to $212.00 and gave the company a sell rating in a report on Friday, April 12th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $215.00 to $241.00 and gave the stock a market perform rating in a report on Wednesday, April 10th. Oppenheimer restated a market perform rating on shares of Travelers Companies in a research note on Friday, April 5th. Finally, Royal Bank of Canada upped their target price on shares of Travelers Companies from $185.00 to $210.00 and gave the stock a sector perform rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $220.78.

Travelers Companies Trading Up 1.7 %

Shares of Travelers Companies stock opened at $213.99 on Tuesday. The stock has a market capitalization of $49.03 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The stock has a 50 day moving average price of $221.79 and a two-hundred day moving average price of $196.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

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 the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the previous year, the business posted $4.11 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, equities analysts anticipate 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. Shareholders of record on Monday, June 10th will be given a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Michael Frederick Klein sold 12,287 shares of the company’s 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 sale, the executive vice president now directly owns 14,080 shares in the company, valued at approximately $2,966,374.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 over the last ninety days. 1.33% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Quarterback LLC grew its holdings in Travelers Companies by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after buying an additional 49 shares in the last quarter. Kapitalo Investimentos Ltda grew its stake in Travelers Companies by 24.1% during the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 49 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Travelers Companies by 9.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after acquiring an additional 50 shares during the period. Norwood Financial Corp boosted its holdings in Travelers Companies by 16.1% in the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 50 shares during the period. Finally, Grimes & Company Inc. grew its position in shares of Travelers Companies by 2.2% during the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after purchasing an additional 53 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

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.