Wells Fargo & Company Issues Positive Forecast for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its price objective boosted by Wells Fargo & Company from $213.00 to $225.00 in a report released on Thursday,Benzinga reports. The firm currently has an underweight rating on the insurance provider’s stock.

A number of other brokerages have also weighed in on TRV. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Piper Sandler decreased their price objective on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a report on Monday, January 6th. UBS Group boosted their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $255.53.

Travelers Companies Stock Down 2.0 %

NYSE:TRV opened at $241.75 on Thursday. The stock has a market cap of $54.88 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.09 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $248.61 and a two-hundred day moving average price of $236.77. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. During the same period in the prior year, the business earned $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts expect that Travelers Companies will post 20.33 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is presently 19.56%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,670 shares of company stock valued at $4,861,329 in the last quarter. 1.33% of the stock is currently owned by insiders.

Institutional Trading of Travelers Companies

Several hedge funds have recently added to or reduced their stakes in TRV. FMR LLC grew its holdings in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after buying an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares in the last quarter. Bank of Montreal Can increased its position in Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after acquiring an additional 282,884 shares during the period. Point72 Asset Management L.P. acquired a new stake in Travelers Companies in the 3rd quarter worth about $54,988,000. Finally, Janus Henderson Group PLC grew its position in shares of Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after purchasing an additional 232,428 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.