BMO Capital Markets Raises Travelers Companies (NYSE:TRV) Price Target to $270.00

Travelers Companies (NYSE:TRV) had its price objective upped by BMO Capital Markets from $233.00 to $270.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the insurance provider’s stock.

Several other research firms have also weighed in on TRV. Barclays assumed coverage on Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price on the stock. Citigroup boosted their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Morgan Stanley reduced their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $247.90.

Travelers Companies Stock Performance

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

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

Travelers Companies Announces Dividend

The firm 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 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Travelers Companies news, 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 value of $781,650.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $5,840,163.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 57,465 shares of company stock valued at $14,910,886. Company insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in Travelers Companies by 100.9% during the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after acquiring an additional 25,575 shares during the last quarter. Atlas Capital Advisors LLC increased its stake in shares of Travelers Companies by 65.9% in the first quarter. Atlas Capital Advisors LLC now owns 413 shares of the insurance provider’s stock valued at $95,000 after buying an additional 164 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Travelers Companies by 264.1% in the first quarter. Sunbelt Securities Inc. now owns 1,318 shares of the insurance provider’s stock valued at $303,000 after buying an additional 956 shares during the last quarter. Brookstone Capital Management lifted its position in Travelers Companies by 16.2% during the 1st quarter. Brookstone Capital Management now owns 1,630 shares of the insurance provider’s stock worth $375,000 after buying an additional 227 shares in the last quarter. Finally, Sovereign Financial Group Inc. bought a new stake in Travelers Companies during the 1st quarter worth about $227,000. 82.45% of the stock is currently 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.