Travelers Companies (NYSE:TRV) Price Target Cut to $267.00 by Analysts at UBS Group

Travelers Companies (NYSE:TRV) had its price target decreased by UBS Group from $270.00 to $267.00 in a research note published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the insurance provider’s stock.

TRV has been the topic of several other reports. Wells Fargo & Company upgraded shares of Travelers Companies from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $225.00 to $247.00 in a research note on Wednesday. BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Hsbc Global Res lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Barclays raised their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $261.89.

Travelers Companies Stock Down 1.4 %

NYSE TRV traded down $3.45 during trading hours on Wednesday, hitting $244.65. 635,110 shares of the company traded hands, compared to its average volume of 1,297,870. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The business’s 50-day moving average is $251.57 and its 200-day moving average is $248.74. The stock has a market capitalization of $55.47 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 4.65 and a beta of 0.48. Travelers Companies has a twelve month low of $200.21 and a twelve month high of $269.56.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.01 EPS. Sell-side analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.72%. Travelers Companies’s dividend payout ratio is 19.56%.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock valued at $844,854,000 after acquiring an additional 2,466,098 shares during the last quarter. Norges Bank bought a new position in shares of Travelers Companies in the 4th quarter valued at $560,918,000. GAMMA Investing LLC increased its stake in shares of Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock valued at $582,733,000 after purchasing an additional 2,196,426 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock worth $360,694,000 after buying an additional 907,266 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Travelers Companies during the 4th quarter worth $138,619,000. 82.45% of the stock is owned by institutional investors.

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.