Travelers Companies (NYSE:TRV) Stock Gets Price Target Cut from Wells Fargo & Company

Travelers Companies (NYSE:TRV) had its target price trimmed by Wells Fargo & Company from $356.00 to $341.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

A number of other research firms also recently commented on TRV. Morgan Stanley lifted their target price on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Barclays increased their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $348.00 to $352.00 and gave the stock a “neutral” rating in a research report on Friday, October 9th. Weiss Ratings raised shares of Travelers Companies from a “buy (a)” rating to a “buy (a+)” rating in a research report on Friday, October 9th. Finally, Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a research note on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $357.26.

Travelers Companies Stock Performance

Shares of TRV stock opened at $377.53 on Monday. The business has a fifty day moving average of $368.94 and a 200 day moving average of $336.44. Travelers Companies has a 1 year low of $252.26 and a 1 year high of $398.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $78.74 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 2.88 and a beta of 0.43.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.51 EPS. As a group, research analysts expect that Travelers Companies will post 34.21 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 10th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Klein sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the sale, the executive vice president owned 9,213 shares of the company’s stock, valued at $3,393,884.94. This trade represents a 63.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,667 shares of company stock worth $21,830,989 in the last ninety days. 1.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently added to or reduced their stakes in TRV. LifeSteps Financial Inc. acquired a new stake in Travelers Companies during the second quarter worth $26,000. Kilter Group LLC purchased a new stake in Travelers Companies in the second quarter valued at $26,000. HHM Wealth Advisors LLC raised its position in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at $26,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Travelers Companies in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Company Profile

Travelers Companies, Inc is an insurance provider that offers property and casualty coverage to individuals, businesses and organizations. The company operates through three primary segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance.

Its products and services include automobile and homeowners insurance, workers’ compensation, commercial property and casualty coverage, general and professional liability insurance, surety and fidelity bonds, and specialized insurance solutions for industries and businesses with complex risks.