Travelers Companies (NYSE:TRV) had its target price lifted by UBS Group from $146.00 to $152.00 in a report released on Wednesday, Stock Target Advisor reports. UBS Group currently has a neutral rating on the insurance provider’s stock.
A number of other equities analysts also recently commented on the company. Royal Bank of Canada set a GBX 5,200 ($67.95) price objective on London Stock Exchange Group and gave the stock a buy rating in a research report on Wednesday, April 24th. Deutsche Bank reissued a hold rating on shares of Steel Dynamics in a research note on Thursday, June 27th. Keefe, Bruyette & Woods cut Travelers Companies from an outperform rating to a market perform rating and set a $153.00 target price for the company. in a research note on Wednesday, June 5th. ValuEngine raised Vistra Energy from a hold rating to a buy rating in a research note on Wednesday, July 3rd. Finally, MKM Partners raised their target price on Travelers Companies to $140.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $143.87.
Shares of Travelers Companies stock opened at $153.39 on Wednesday. Travelers Companies has a one year low of $111.08 and a one year high of $154.73. The stock has a market capitalization of $40.06 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 1.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38. The stock’s 50 day moving average is $150.06.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were paid a dividend of $0.82 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date was Friday, June 7th. This represents a $3.28 annualized dividend and a yield of 2.14%. Travelers Companies’s dividend payout ratio (DPR) is 36.69%.
In other news, Vice Chairman William H. Heyman sold 10,000 shares of Travelers Companies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $147.75, for a total value of $1,477,500.00. Following the completion of the sale, the insider now directly owns 247,245 shares of the company’s stock, valued at $36,530,448.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jay S. Benet sold 60,979 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $137.46, for a total value of $8,382,173.34. Following the completion of the sale, the insider now directly owns 146,845 shares of the company’s stock, valued at $20,185,313.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,860 shares of company stock valued at $30,020,402. 0.73% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of TRV. BlackRock Inc. grew its stake in shares of Travelers Companies by 7.3% in the first quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock valued at $3,100,401,000 after buying an additional 1,528,327 shares in the last quarter. Norges Bank acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $143,417,000. FMR LLC grew its stake in shares of Travelers Companies by 9.4% in the first quarter. FMR LLC now owns 10,500,482 shares of the insurance provider’s stock valued at $1,440,247,000 after buying an additional 904,028 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Travelers Companies by 253.6% in the fourth quarter. American Century Companies Inc. now owns 1,082,948 shares of the insurance provider’s stock valued at $129,683,000 after buying an additional 776,679 shares in the last quarter. Finally, FIL Ltd grew its stake in shares of Travelers Companies by 44.8% in the first quarter. FIL Ltd now owns 1,450,421 shares of the insurance provider’s stock valued at $198,939,000 after buying an additional 448,948 shares in the last quarter. 80.57% 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.
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