Travelers Companies (NYSE:TRV) Price Target Raised to $324.00 at Mizuho

Travelers Companies (NYSE:TRV) had its price objective lifted by Mizuho from $304.00 to $324.00 in a research note released on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the insurance provider’s stock.

Several other equities research analysts also recently weighed in on the stock. Roth Capital reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Bank of America decreased their price target on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. UBS Group increased their price objective on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research note on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $328.76.

Travelers Companies Stock Down 0.3%

Shares of NYSE TRV opened at $336.88 on Thursday. The firm has a market cap 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 quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. Travelers Companies has a 52-week low of $249.19 and a 52-week high of $349.35. The business’s 50 day moving average is $309.46 and its two-hundred day moving average is $299.48.

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

Travelers Companies Increases Dividend

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

Insider Buying and Selling at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 6,414 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 6,075 shares in the company, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the sale, the executive vice president owned 5,298 shares in the company, valued at $1,607,678.10. This trade represents a 35.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds have recently made changes to their positions in the business. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $24,167,000. Rit Capital Partners PLC acquired a new position in Travelers Companies during the 4th quarter worth $39,450,000. Robeco Institutional Asset Management B.V. increased its position in shares of Travelers Companies by 17.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock worth $261,616,000 after purchasing an additional 133,152 shares during the last quarter. AIA Group Ltd bought a new stake in shares of Travelers Companies in the 3rd quarter worth about $1,773,000. Finally, Danske Bank A S bought a new stake in shares of Travelers Companies in the 3rd quarter worth about $52,339,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Key Headlines 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.