The Travelers Companies, Inc. (TRV) Price Target Raised to $151.00 at Citigroup Inc.
The Travelers Companies, Inc. (NYSE:TRV) had its target price upped by Citigroup Inc. from $143.00 to $151.00 in a research report sent to investors on Friday morning. The firm currently has a buy rating on the insurance provider’s stock.
Other research analysts also recently issued reports about the stock. Buckingham Research initiated coverage on shares of The Travelers Companies in a report on Monday, September 11th. They issued a buy rating and a $136.00 price target for the company. Vetr raised shares of The Travelers Companies from a hold rating to a buy rating and set a $132.68 price target for the company in a report on Monday, July 3rd. ValuEngine raised shares of The Travelers Companies from a hold rating to a buy rating in a report on Friday, September 1st. Royal Bank Of Canada reissued a buy rating and issued a $135.00 price target on shares of The Travelers Companies in a report on Monday, August 21st. Finally, Barclays PLC raised their price target on shares of The Travelers Companies from $119.00 to $122.00 and gave the company an equal weight rating in a report on Friday, August 11th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $126.95.
The Travelers Companies (NYSE TRV) traded up 0.11% during midday trading on Friday, reaching $133.32. The company’s stock had a trading volume of 1,838,805 shares. The company has a market cap of $36.79 billion, a PE ratio of 13.28 and a beta of 1.20. The Travelers Companies has a 12 month low of $103.45 and a 12 month high of $134.11. The stock has a 50-day moving average price of $123.39 and a 200 day moving average price of $124.33.
The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the business earned $2.40 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that The Travelers Companies will post $7.44 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, December 8th. The Travelers Companies’s dividend payout ratio is currently 33.45%.
The Travelers Companies announced that its board has authorized a stock repurchase program on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
In other The Travelers Companies news, EVP Michael Frederick Klein sold 10,051 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $127.47, for a total value of $1,281,200.97. Following the completion of the sale, the executive vice president now directly owns 1,542 shares of the company’s stock, valued at $196,558.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 24,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the completion of the sale, the insider now directly owns 253,744 shares of the company’s stock, valued at $32,134,140.16. The disclosure for this sale can be found here. Insiders sold 122,805 shares of company stock valued at $15,743,311 over the last three months. 0.82% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of TRV. BlackRock Inc. lifted its stake in The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after purchasing an additional 19,585,476 shares during the last quarter. FMR LLC lifted its stake in The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock worth $795,148,000 after purchasing an additional 1,954,573 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in The Travelers Companies by 2,272.4% in the second quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock worth $186,142,000 after purchasing an additional 1,409,121 shares during the last quarter. FIL Ltd bought a new stake in The Travelers Companies in the second quarter worth $161,641,000. Finally, Janus Henderson Group PLC lifted its stake in The Travelers Companies by 3,559.7% in the second quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock worth $165,178,000 after purchasing an additional 1,269,774 shares during the last quarter. 77.40% of the stock is owned by institutional investors and hedge funds.
The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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