Travelers Companies (NYSE:TRV) Price Target Cut to $219.00 by Analysts at Jefferies Financial Group

Travelers Companies (NYSE:TRV) had its price target decreased by Jefferies Financial Group from $222.00 to $219.00 in a research note released on Friday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the insurance provider’s stock.

Several other equities analysts also recently issued reports on the company. Evercore ISI reduced their price objective on Travelers Companies from $253.00 to $250.00 and set an outperform rating for the company in a research report on Thursday. Royal Bank of Canada decreased their price target on Travelers Companies from $230.00 to $225.00 and set a sector perform rating for the company in a research note on Thursday. Morgan Stanley upped their price objective on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an equal weight rating in a report on Monday, April 15th. Keefe, Bruyette & Woods dropped their price target on shares of Travelers Companies from $241.00 to $231.00 and set a market perform rating on the stock in a research report on Thursday. Finally, Citigroup increased their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the company a neutral rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of Hold and a consensus target price of $220.78.

Travelers Companies Trading Up 1.7 %

Travelers Companies stock opened at $213.99 on Friday. The firm’s 50-day moving average is $221.79 and its 200-day moving average is $196.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a market cap of $49.00 billion, a P/E ratio of 15.90, a PEG ratio of 1.10 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.11 earnings per share. On average, equities analysts expect that Travelers Companies will post 17.66 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.96%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s payout ratio is presently 29.72%.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was 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 directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now directly owns 14,080 shares in the company, valued at $2,966,374.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,775 shares of company stock valued at $23,343,903. Company insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted its stake in shares of Travelers Companies by 1.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 17,893 shares of the insurance provider’s stock worth $4,118,000 after acquiring an additional 288 shares in the last quarter. Veracity Capital LLC boosted its stake in shares of Travelers Companies by 13.2% during the 1st quarter. Veracity Capital LLC now owns 2,156 shares of the insurance provider’s stock worth $496,000 after acquiring an additional 251 shares in the last quarter. American National Bank & Trust Co. VA bought a new stake in shares of Travelers Companies during the 1st quarter worth about $727,000. First Trust Direct Indexing L.P. boosted its stake in shares of Travelers Companies by 10.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 9,080 shares of the insurance provider’s stock worth $2,090,000 after acquiring an additional 862 shares in the last quarter. Finally, Madrona Financial Services LLC bought a new stake in shares of Travelers Companies during the 1st quarter worth about $214,000. 82.45% of the stock is owned by institutional investors and hedge funds.

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.