May 29, 2024

Travelers Companies (NYSE:TRVGet Rating) had its target price upped by Citigroup from $179.00 to $181.00 in a research note published on Thursday, The Fly reports. They currently have a neutral rating on the insurance provider’s stock.

A number of other research analysts have also issued reports on TRV. Wolfe Research restated a peer perform rating on shares of Travelers Companies in a research note on Thursday, June 23rd. Raymond James upped their price target on shares of Travelers Companies from $185.00 to $200.00 and gave the company a strong-buy rating in a research note on Thursday. StockNews.com assumed coverage on shares of Travelers Companies in a research note on Wednesday, October 12th. They set a hold rating on the stock. Barclays upped their price target on shares of Travelers Companies from $164.00 to $178.00 and gave the company an equal weight rating in a research note on Thursday. Finally, UBS Group cut their price target on shares of Travelers Companies from $184.00 to $169.00 and set a neutral rating on the stock in a research note on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of Hold and an average price target of $177.00.

Travelers Companies Trading Up 2.0 %

NYSE TRV opened at $174.30 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.37. The firm has a market cap of $41.36 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 2.54 and a beta of 0.60. The company has a 50 day moving average price of $163.39 and a 200 day moving average price of $167.33. Travelers Companies has a 52 week low of $145.40 and a 52 week high of $187.98.

Travelers Companies (NYSE:TRVGet Rating) last posted its quarterly earnings data on Wednesday, October 19th. The insurance provider reported $2.20 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.14). The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $8.58 billion. Travelers Companies had a return on equity of 14.31% and a net margin of 9.26%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.60 EPS. As a group, sell-side analysts forecast that Travelers Companies will post 13.13 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, December 8th. Travelers Companies’s payout ratio is 27.19%.

Insider Activity

In other news, EVP Mojgan M. Lefebvre sold 2,945 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $168.33, for a total value of $495,731.85. Following the completion of the transaction, the executive vice president now owns 1,020 shares of the company’s stock, valued at $171,696.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TRV. Pacer Advisors Inc. lifted its stake in Travelers Companies by 51.5% in the first quarter. Pacer Advisors Inc. now owns 19,279 shares of the insurance provider’s stock worth $3,523,000 after acquiring an additional 6,553 shares during the last quarter. Veriti Management LLC lifted its stake in Travelers Companies by 7.4% in the first quarter. Veriti Management LLC now owns 6,174 shares of the insurance provider’s stock worth $1,128,000 after acquiring an additional 428 shares during the last quarter. CHICAGO TRUST Co NA acquired a new stake in Travelers Companies during the first quarter worth approximately $229,000. Brookstone Capital Management acquired a new stake in Travelers Companies during the first quarter worth approximately $615,000. Finally, CAPROCK Group Inc. acquired a new stake in Travelers Companies during the first quarter worth approximately $883,000. Hedge funds and other institutional investors own 82.39% of the company’s stock.

About Travelers Companies

(Get Rating)

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.

Recommended Stories

The Fly logo

Analyst Recommendations for Travelers Companies (NYSE:TRV)



Receive News & Ratings for Travelers Companies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Travelers Companies and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts