Jefferies Financial Group Raises Travelers Companies (NYSE:TRV) Price Target to $235.00

Travelers Companies (NYSE:TRV) had its target price upped by Jefferies Financial Group from $210.00 to $235.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a hold rating on the insurance provider’s stock.

Other equities analysts also recently issued reports about the stock. Piper Sandler dropped their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a neutral rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $220.00 to $242.00 and gave the company an underweight rating in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a hold rating in a research note on Wednesday, August 7th. Bank of America lifted their target price on Travelers Companies from $202.00 to $223.00 and gave the company an underperform rating in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Travelers Companies from $196.00 to $216.00 and gave the company a sell rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has assigned 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 target price of $230.89.

Travelers Companies Stock Up 1.4 %

Shares of NYSE:TRV opened at $236.58 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $227.80 and its 200 day moving average is $218.82. The stock has a market cap of $54.18 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $243.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. Sell-side analysts predict that Travelers Companies will post 17.2 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TRV. Vanguard Group Inc. lifted its stake 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 valued at $4,132,313,000 after purchasing an additional 148,012 shares during the period. JPMorgan Chase & Co. raised its position in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after acquiring an additional 3,158,979 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 worth $619,241,000 after acquiring an additional 165,708 shares in the last quarter. Legal & General Group Plc grew its position 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 acquiring an additional 37,029 shares during the period. Finally, Boston Partners increased its stake in shares of Travelers Companies by 16.4% in the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after purchasing an additional 196,011 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

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.