Keefe, Bruyette & Woods Issues Pessimistic Forecast for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its target price reduced by Keefe, Bruyette & Woods from $273.00 to $268.00 in a research note released on Friday morning,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

Several other brokerages also recently weighed in on TRV. UBS Group lifted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $217.00 price target (down previously from $256.00) on shares of Travelers Companies in a report on Wednesday, December 11th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Piper Sandler lowered their price target on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $254.85.

Travelers Companies Stock Performance

Shares of TRV stock opened at $232.53 on Friday. The company has a 50 day moving average price of $250.73 and a 200-day moving average price of $234.97. Travelers Companies has a 52 week low of $191.88 and a 52 week high of $269.55. The firm has a market capitalization of $52.79 billion, a PE ratio of 11.92, a P/E/G ratio of 1.17 and a beta of 0.65. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.95 earnings per share. As a group, equities research analysts expect that Travelers Companies will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 21.54%.

Insider Buying and Selling

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $5,840,163.66. This trade represents a 30.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Several hedge funds have recently modified their holdings of the company. Ledyard National Bank lifted its position in shares of Travelers Companies by 1.9% during the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after buying an additional 39 shares during the last quarter. Trueblood Wealth Management LLC lifted its position in shares of Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after buying an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its position in shares of Travelers Companies by 2.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after buying an additional 42 shares during the last quarter. Willner & Heller LLC increased its holdings in shares of Travelers Companies by 4.1% during the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 45 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

About Travelers Companies

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.