UBS Group Boosts Travelers Companies (NYSE:TRV) Price Target to $270.00

Travelers Companies (NYSE:TRV) had its price objective boosted by UBS Group from $244.00 to $270.00 in a research note published on Tuesday, Benzinga reports. The firm currently has a neutral rating on the insurance provider’s stock.

Other analysts have also recently issued reports about the company. Piper Sandler reduced their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Citigroup boosted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Bank of America upped their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Barclays started coverage on shares of Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price target on the stock. Finally, William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $256.38 on Tuesday. The company’s 50 day moving average price is $234.71 and its two-hundred day moving average price is $220.20. The firm has a market capitalization of $58.71 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. Travelers Companies has a fifty-two week low of $158.22 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the business posted $1.95 EPS. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts forecast that Travelers Companies will post 18.24 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,465 shares of company stock valued at $14,910,886. 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 made changes to their positions in the business. Orrstown Financial Services Inc. lifted its position in Travelers Companies by 4.7% in the 3rd quarter. Orrstown Financial Services Inc. now owns 2,685 shares of the insurance provider’s stock valued at $629,000 after acquiring an additional 121 shares in the last quarter. Concord Wealth Partners raised its stake in shares of Travelers Companies by 9.0% in the third quarter. Concord Wealth Partners now owns 6,983 shares of the insurance provider’s stock worth $1,635,000 after purchasing an additional 577 shares during the last quarter. Asahi Life Asset Management CO. LTD. lifted its holdings in shares of Travelers Companies by 6.9% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 9,343 shares of the insurance provider’s stock valued at $2,187,000 after purchasing an additional 603 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of Travelers Companies by 31.1% during the third quarter. Baker Tilly Wealth Management LLC now owns 3,746 shares of the insurance provider’s stock valued at $877,000 after buying an additional 888 shares during the last quarter. Finally, Leuthold Group LLC bought a new stake in Travelers Companies during the third quarter worth $4,132,000. 82.45% of the stock is owned by institutional investors.

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.