Travelers Companies (NYSE:TRV) Price Target Raised to $226.00 at Citigroup

Travelers Companies (NYSE:TRV) had its price target lifted by Citigroup from $215.00 to $226.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Other equities analysts have also recently issued reports about the stock. Oppenheimer reiterated a market perform rating on shares of Travelers Companies in a research report on Friday, April 5th. Janney Montgomery Scott began coverage on shares of Travelers Companies in a research report on Wednesday, December 20th. They set a buy rating and a $215.00 price objective for the company. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $215.00 to $241.00 and gave the stock a market perform rating in a research report on Wednesday, April 10th. UBS Group upped their price objective on shares of Travelers Companies from $205.00 to $225.00 and gave the stock a neutral rating in a research report on Tuesday, January 23rd. Finally, Piper Sandler reiterated a neutral rating and set a $213.00 price objective on shares of Travelers Companies in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $217.00.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $223.11 on Tuesday. The firm has a 50 day moving average of $222.02 and a 200-day moving average of $196.10. The stock has a market capitalization of $51.12 billion, a PE ratio of 17.44, a PEG ratio of 1.16 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, beating the consensus estimate of $5.10 by $1.91. The company had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.40 EPS. On average, equities research analysts predict that Travelers Companies will post 17.62 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 7th. Travelers Companies’s dividend payout ratio is currently 31.27%.

Insider Activity

In related news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TRV. Fairfield Bush & CO. acquired a new position in Travelers Companies during the first quarter worth $160,000. Cibc World Market Inc. raised its holdings in Travelers Companies by 28.8% during the first quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock worth $1,084,000 after buying an additional 1,327 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in Travelers Companies by 1.0% during the first quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock worth $2,210,000 after buying an additional 115 shares during the last quarter. Blair William & Co. IL raised its holdings in Travelers Companies by 40.6% during the first quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock worth $9,420,000 after buying an additional 14,873 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Travelers Companies by 5.0% during the first quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock worth $4,952,000 after buying an additional 1,286 shares during the last quarter. Institutional investors and hedge funds 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.