Travelers Companies (NYSE:TRV) Price Target Cut to $219.00 by Analysts at Jefferies Financial Group

Travelers Companies (NYSE:TRV) had its price objective decreased by Jefferies Financial Group from $222.00 to $219.00 in a report issued on Friday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the insurance provider’s stock.

Several other research analysts have also weighed in on the company. UBS Group lifted their target price on Travelers Companies from $205.00 to $225.00 and gave the stock a neutral rating in a report on Tuesday, January 23rd. Citigroup lifted their target price on Travelers Companies from $215.00 to $226.00 and gave the stock a neutral rating in a report on Tuesday. Oppenheimer reiterated a market perform rating on shares of Travelers Companies in a report on Friday, April 5th. Keefe, Bruyette & Woods reduced their target price on Travelers Companies from $241.00 to $231.00 and set a market perform rating on the stock in a report on Thursday. Finally, Raymond James lifted their target price on Travelers Companies from $220.00 to $245.00 and gave the stock a strong-buy rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of Hold and an average target price of $220.78.

Travelers Companies Stock Up 1.7 %

NYSE:TRV opened at $213.99 on Friday. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $49.00 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.10 and a beta of 0.58. The stock’s fifty day simple moving average is $221.79 and its 200-day simple moving average is $196.63.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the prior year, the business earned $4.11 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts expect that Travelers Companies will post 17.66 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is 29.72%.

Insiders Place Their Bets

In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the transaction, the senior vice president now owns 719 shares of the company’s stock, valued at $153,046.34. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the sale, the senior vice president now owns 719 shares in the company, valued at $153,046.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 26,633 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock valued at $23,343,903 over the last 90 days. 1.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Institutional investors have recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Travelers Companies by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock valued at $18,217,000 after buying an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Travelers Companies by 124.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after buying an additional 7,649 shares during the period. Worth Asset Management LLC bought a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $2,201,000. Nordea Investment Management AB boosted its stake in shares of Travelers Companies by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after buying an additional 16,580 shares during the period. Finally, DNB Asset Management AS boosted its stake in shares of Travelers Companies by 53.5% in the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after buying an additional 24,230 shares during the period. 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.