Travelers Companies (NYSE:TRV) Price Target Lowered to $250.00 at Evercore ISI

Travelers Companies (NYSE:TRV) had its price target reduced by Evercore ISI from $253.00 to $250.00 in a research note published on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the insurance provider’s stock.

A number of other research analysts also recently issued reports on the stock. Raymond James upped their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the company a strong-buy rating in a research report on Monday, January 22nd. Royal Bank of Canada lifted their price target on shares of Travelers Companies from $185.00 to $210.00 and gave the stock a sector perform rating in a research report on Monday, January 22nd. HSBC raised their price objective on Travelers Companies from $218.00 to $240.00 and gave the stock a hold rating in a research note on Thursday, April 4th. Roth Mkm reaffirmed a buy rating and set a $240.00 price target on shares of Travelers Companies in a research report on Thursday. Finally, Janney Montgomery Scott assumed coverage on Travelers Companies in a research report on Wednesday, December 20th. They issued a buy rating and a $215.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $218.39.

Travelers Companies Trading Up 1.9 %

Shares of Travelers Companies stock opened at $210.46 on Thursday. The stock has a market capitalization of $48.22 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $221.80 and a 200 day simple moving average of $196.27.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the previous year, the firm earned $4.11 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. Research analysts expect that Travelers Companies will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,291,671.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FWL Investment Management LLC bought a new position in Travelers Companies in the 4th quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new position in Travelers Companies during the third quarter valued at approximately $26,000. Arlington Trust Co LLC bought a new stake in Travelers Companies during the third quarter worth $27,000. Northwest Financial Advisors acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $32,000. Finally, Quarry LP bought a new position in shares of Travelers Companies in the 4th quarter valued at $33,000. Institutional investors own 82.45% of the company’s stock.

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.