Travelers Companies (NYSE:TRV) Price Target Cut to $213.00 by Analysts at Wells Fargo & Company

Travelers Companies (NYSE:TRV) had its target price reduced by Wells Fargo & Company from $217.00 to $213.00 in a report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the insurance provider’s stock.

A number of other equities analysts also recently issued reports on TRV. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. Roth Mkm raised their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. BMO Capital Markets lifted their price target on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $254.65.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $237.15 on Tuesday. The business has a 50 day moving average of $250.38 and a 200 day moving average of $235.40. Travelers Companies has a 52 week low of $194.54 and a 52 week high of $269.55. The company has a market cap of $53.84 billion, a PE ratio of 12.16, a P/E/G ratio of 1.17 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the previous year, the firm earned $1.95 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities research analysts forecast that Travelers Companies will post 18.84 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.77%. Travelers Companies’s dividend payout ratio is 21.54%.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently added to or reduced their stakes in TRV. Wolff Wiese Magana LLC raised its stake in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth $41,000. Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies during the 3rd quarter worth $50,000. Versant Capital Management Inc grew its position in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its stake in shares of Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.