Travelers Companies (NYSE:TRV) Price Target Increased to $177.00 by Analysts at Morgan Stanley

Travelers Companies (NYSE:TRV) had its target price boosted by Morgan Stanley from $172.00 to $177.00 in a research note released on Friday morning, Analyst Price Targets reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

Several other equities research analysts have also commented on TRV. Jefferies Financial Group assumed coverage on shares of Travelers Companies in a research report on Thursday, November 18th. They set a hold rating and a $165.00 price target for the company. Zacks Investment Research lowered shares of Travelers Companies from a buy rating to a hold rating and set a $170.00 target price for the company. in a report on Friday, December 17th. The Goldman Sachs Group assumed coverage on shares of Travelers Companies in a report on Monday, November 22nd. They issued a neutral rating and a $165.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $158.00 to $159.00 and gave the stock an underweight rating in a report on Thursday, January 6th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of Hold and an average target price of $164.60.

NYSE TRV opened at $163.21 on Friday. Travelers Companies has a 52 week low of $135.87 and a 52 week high of $168.31. The firm has a market capitalization of $40.15 billion, a P/E ratio of 11.45, a PEG ratio of 1.99 and a beta of 0.77. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $156.72 and a 200-day moving average price of $155.90.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Monday, October 18th. The insurance provider reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.60. Travelers Companies had a net margin of 10.64% and a return on equity of 12.15%. The firm had revenue of $8.32 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the prior year, the firm earned $3.12 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Travelers Companies will post 12.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Friday, December 10th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, December 9th. This represents a $3.52 annualized dividend and a yield of 2.16%. Travelers Companies’s payout ratio is 24.70%.

In other news, EVP Andy F. Bessette sold 6,005 shares of the stock in a transaction that occurred on Tuesday, November 23rd. The stock was sold at an average price of $159.87, for a total transaction of $960,019.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 5,876 shares of the stock in a transaction that occurred on Monday, October 25th. The shares were sold at an average price of $161.71, for a total value of $950,207.96. The disclosure for this sale can be found here. Insiders sold a total of 26,570 shares of company stock valued at $4,289,845 over the last 90 days. 0.92% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TRV. Marathon Asset Mgmt Ltd bought a new position in shares of Travelers Companies during the 3rd quarter valued at approximately $206,237,000. Amundi bought a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $129,823,000. AQR Capital Management LLC boosted its position in shares of Travelers Companies by 41.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,428,238 shares of the insurance provider’s stock valued at $213,679,000 after acquiring an additional 415,506 shares during the last quarter. Morgan Stanley boosted its position in shares of Travelers Companies by 36.9% during the 2nd quarter. Morgan Stanley now owns 1,450,706 shares of the insurance provider’s stock valued at $217,186,000 after acquiring an additional 390,974 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Travelers Companies by 47.9% in the third quarter. Deutsche Bank AG now owns 1,019,557 shares of the insurance provider’s stock worth $154,983,000 after buying an additional 330,431 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Travelers Companies Company Profile

The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a broad array of property and casualty insurance, and insurance related services to its customers.

Read More: Dividend Reinvestment Plan (DRIP)

Analyst Recommendations for Travelers Companies (NYSE:TRV)

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