Travelers Companies (NYSE:TRV) Given New $334.00 Price Target at Wells Fargo & Company

Travelers Companies (NYSE:TRV) had its price target raised by Wells Fargo & Company from $295.00 to $334.00 in a research report sent to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the insurance provider’s stock.

Several other equities analysts also recently weighed in on TRV. Morgan Stanley lifted their price target on shares of Travelers Companies from $310.00 to $330.00 and gave the company an “equal weight” rating in a report on Monday. Mizuho lifted their target price on shares of Travelers Companies from $304.00 to $324.00 and gave the company a “neutral” rating in a research note on Thursday. Piper Sandler upped their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. UBS Group increased their target price on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Barclays downgraded Travelers Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $331.00 to $295.00 in a research note on Friday, June 12th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $328.76.

Travelers Companies Trading Down 0.3%

Shares of NYSE:TRV opened at $336.88 on Thursday. The stock has a market capitalization of $71.64 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 3.05 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock’s 50-day simple moving average is $309.46 and its two-hundred day simple moving average is $299.48. Travelers Companies has a 52-week low of $249.19 and a 52-week high of $349.35.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts expect that Travelers Companies will post 28.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.5%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 14.88%.

Insider Activity at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the sale, the insider directly owned 48,737 shares in the company, valued at $15,049,010.86. This represents a 12.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,573 shares of company stock valued at $11,504,146 over the last ninety days. 1.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

A number of large investors have recently bought and sold shares of TRV. Revolve Wealth Partners LLC increased its stake in Travelers Companies by 19.4% in the second quarter. Revolve Wealth Partners LLC now owns 831 shares of the insurance provider’s stock worth $274,000 after purchasing an additional 135 shares during the period. Franklin Street Advisors Inc. NC increased its stake in Travelers Companies by 7.1% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 2,586 shares of the insurance provider’s stock worth $854,000 after buying an additional 172 shares during the period. Allied Private Wealth LLC purchased a new position in Travelers Companies in the 2nd quarter worth about $41,000. Sax Wealth Advisors LLC lifted its holdings in Travelers Companies by 2.2% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,157 shares of the insurance provider’s stock valued at $712,000 after buying an additional 47 shares in the last quarter. Finally, Everpar Advisors LLC lifted its holdings in Travelers Companies by 8.6% during the 2nd quarter. Everpar Advisors LLC now owns 2,001 shares of the insurance provider’s stock valued at $661,000 after buying an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Key Stories Impacting Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “market perform” rating on Travelers and raised its price target to $356 from $342, implying modest upside from current levels. KBW price target update
• Positive Sentiment: Travelers announced it will be the first anchor carrier partner in Applied’s new submissionless commercial insurance experience, an AI-enabled tool that could improve quote speed and workflow efficiency for agents and carriers. Applied partnership announcement
• Positive Sentiment: A Zacks note highlighted that Travelers’ auto and homeowners insurance business is driving growth, with recurring premiums and underwriting income supported by disciplined pricing and technology. Zacks growth note
• Neutral Sentiment: Mizuho raised its price target to $324 from $304 but kept a “neutral” rating, signaling limited near-term upside in its view. Mizuho price target update
• Neutral Sentiment: Wells Fargo lifted its target to $334 from $295 while maintaining an “equal weight” stance, also suggesting the shares are fairly valued after the recent rally. Wells Fargo price target update
• Negative Sentiment: A Seeking Alpha piece argued that Travelers’ strong fundamentals may already be reflected in the recent run-up, reinforcing a more cautious view after the stock’s sharp climb. Seeking Alpha downgrade

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.