Jefferies Financial Group Raises Travelers Companies (NYSE:TRV) Price Target to $235.00

by · The Cerbat Gem

Travelers Companies (NYSE:TRV – Free Report) had its price target hoisted by Jefferies Financial Group from $210.00 to $235.00 in a research report report published on Wednesday, Benzinga reports. They currently have a hold rating on the insurance provider’s stock.

Several other equities analysts have also commented on TRV. TD Cowen lowered shares of Travelers Companies from a buy rating to a hold rating and decreased their price objective for the stock from $252.00 to $230.00 in a report on Monday, July 15th. StockNews.com lowered shares of Travelers Companies from a buy rating to a hold rating in a report on Saturday, September 28th. William Blair restated a market perform rating on shares of Travelers Companies in a report on Friday, June 28th. Bank of America upped their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an underperform rating in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a hold rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $230.89.

Get Our Latest Analysis on TRV

Travelers Companies Stock Performance

NYSE:TRV opened at $236.58 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $53.92 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.21 and a beta of 0.62. The company’s 50-day moving average is $227.80 and its two-hundred day moving average is $218.87. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $243.48.

Travelers Companies (NYSE:TRV – Get Free Report) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts forecast that Travelers Companies will post 17.2 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s payout ratio is 26.55%.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of large investors have recently bought and sold shares of TRV. Sei Investments Co. boosted its stake in Travelers Companies by 4.3% during the 4th quarter. Sei Investments Co. now owns 155,256 shares of the insurance provider’s stock worth $29,572,000 after purchasing an additional 6,404 shares during the period. Balyasny Asset Management L.P. boosted its stake in Travelers Companies by 136.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 224,885 shares of the insurance provider’s stock worth $42,838,000 after purchasing an additional 129,920 shares during the period. Ethic Inc. boosted its stake in Travelers Companies by 15.6% during the 4th quarter. Ethic Inc. now owns 29,030 shares of the insurance provider’s stock worth $5,530,000 after purchasing an additional 3,915 shares during the period. Jacobi Capital Management LLC boosted its stake in Travelers Companies by 3.7% during the 4th quarter. Jacobi Capital Management LLC now owns 7,738 shares of the insurance provider’s stock worth $1,474,000 after purchasing an additional 275 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of Travelers Companies by 6,167.2% in the 4th quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock worth $63,596,000 after acquiring an additional 328,527 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

About Travelers Companies

(Get Free Report)

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.

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