Travelers Companies (NYSE:TRV) Price Target Raised to $216.00 at The Goldman Sachs Group

Travelers Companies (NYSE:TRV) had its target price upped by The Goldman Sachs Group from $196.00 to $216.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a sell rating on the insurance provider’s stock.

Other analysts have also recently issued research reports about the stock. Bank of America raised their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an underperform rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an underweight rating in a research report on Thursday, July 11th. TD Cowen downgraded shares of Travelers Companies from a buy rating to a hold rating and cut their price objective for the company from $252.00 to $230.00 in a report on Monday, July 15th. StockNews.com cut shares of Travelers Companies from a buy rating to a hold rating in a report on Saturday, September 28th. Finally, Barclays began coverage on Travelers Companies in a research note on Wednesday, September 4th. They issued an overweight rating and a $286.00 price target for the company. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $228.11.

Travelers Companies Stock Performance

Shares of TRV stock opened at $231.47 on Wednesday. The firm has a market cap of $52.76 billion, a PE ratio of 17.20, a P/E/G ratio of 1.24 and a beta of 0.62. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $243.48. The company’s fifty day simple moving average is $226.64 and its 200-day simple moving average is $218.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter last year, the company posted $0.06 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. Equities research analysts expect that Travelers Companies will post 17.16 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.81%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently bought and sold shares of TRV. Vanguard Group Inc. raised its holdings in shares of Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after purchasing an additional 148,012 shares during the period. JPMorgan Chase & Co. increased its position in shares of Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Travelers Companies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after purchasing an additional 165,708 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after buying an additional 37,029 shares in the last quarter. Finally, Boston Partners lifted its position in Travelers Companies by 16.4% in the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after buying an additional 196,011 shares during the last quarter. 82.45% of the stock is owned by 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.