Travelers Cos. Price Target Raised to $95.00 at Sandler O’Neill (TRV)
Stock analysts at Sandler O’Neill raised their price target on shares of Travelers Cos. (NYSE:TRV) from $92.00 to $95.00 in a report issued on Thursday, American Banking News.com reports. Sandler O’Neill’s target price suggests a potential upside of 9.16% from the company’s current price.
Shares of Travelers Cos. (NYSE:TRV) traded up 0.87% during mid-day trading on Thursday, hitting $87.03. The stock had a trading volume of 1,991,552 shares. Travelers Cos. has a 52-week low of $67.62 and a 52-week high of $89.00. The stock has a 50-day moving average of $81.74 and a 200-day moving average of $82.97. The company has a market cap of $31.685 billion and a price-to-earnings ratio of 11.05.
Travelers Cos. (NYSE:TRV) last announced its earnings results on Tuesday, October 22nd. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.69. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the company posted $2.22 earnings per share. Travelers Cos.’s revenue was up .3% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, December 6th.
A number of other analysts have also recently weighed in on TRV. Analysts at Zacks reiterated an “outperform” rating on shares of Travelers Cos. in a research note to investors on Wednesday. They now have a $104.00 price target on the stock. Separately, analysts at Guggenheim downgraded shares of Travelers Cos. from a “neutral” rating to a “sell” rating in a research note to investors on Thursday, October 17th. They now have a $72.00 price target on the stock, down previously from $87.00. Finally, analysts at Barclays raised their price target on shares of Travelers Cos. from $97.00 to $100.00 in a research note to investors on Wednesday, October 2nd. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Travelers Cos. presently has an average rating of “Hold” and a consensus price target of $90.59.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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