Wells Fargo & Company Raises Travelers Companies (NYSE:TRV) Price Target to $256.00

Travelers Companies (NYSE:TRV) had its price target increased by Wells Fargo & Company from $207.00 to $256.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

A number of other analysts also recently commented on the company. UBS Group upped their price objective on Travelers Companies from $238.00 to $244.00 and gave the stock a “neutral” rating in a report on Tuesday, October 15th. William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Finally, Jefferies Financial Group lifted their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $247.90.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $256.38 on Monday. The business has a fifty day simple moving average of $234.71 and a 200-day simple moving average of $220.20. Travelers Companies has a 52 week low of $158.22 and a 52 week high of $269.55. The company has a market cap of $58.71 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.28 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the company posted $1.95 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Travelers Companies will post 18.24 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the sale, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at $446,671.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,465 shares of company stock valued at $14,910,886. Insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Dimensional Fund Advisors LP increased its position in Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after buying an additional 165,708 shares during the period. Legal & General Group Plc increased its position in Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after buying an additional 37,029 shares during the period. Boston Partners lifted its stake in Travelers Companies by 16.4% in the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after buying an additional 196,011 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Travelers Companies by 8.0% during the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after acquiring an additional 85,619 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.