Piper Sandler Cuts Travelers Companies (NYSE:TRV) Price Target to $259.00

Travelers Companies (NYSE:TRV) had its price objective lowered by Piper Sandler from $280.00 to $259.00 in a research note released on Monday,Benzinga reports. The firm currently has a neutral rating on the insurance provider’s stock.

Several other research firms have also weighed in on TRV. UBS Group raised their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Roth Mkm lifted their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $255.10.

Travelers Companies Stock Up 0.5 %

TRV stock opened at $242.89 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $55.14 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.17 and a beta of 0.65. The business’s fifty day moving average price is $251.06 and its two-hundred day moving average price is $234.38. Travelers Companies has a fifty-two week low of $189.87 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 EPS. On average, equities analysts anticipate that Travelers Companies will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

Institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its stake in Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after buying an additional 38,515 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $9,798,000. Orion Portfolio Solutions LLC lifted its stake in shares of Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after purchasing an additional 4,665 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Travelers Companies by 7.4% in the 2nd quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider’s stock valued at $36,099,000 after purchasing an additional 12,190 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies in the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors 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.