UBS Group Raises Travelers Companies (NYSE:TRV) Price Target to $152.00

Travelers Companies (NYSE:TRV) had its price objective raised by UBS Group from $146.00 to $152.00 in a research report report published on Wednesday morning, Stock Target Advisor reports. The firm currently has a neutral rating on the insurance provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. Barclays set a $34.00 price objective on DCP Midstream and gave the stock a hold rating in a research note on Wednesday, May 22nd. 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 note on Wednesday, April 24th. Deutsche Bank restated a hold rating on shares of Steel Dynamics in a research note on Thursday, June 27th. ValuEngine upgraded Vistra Energy from a hold rating to a buy rating in a research note on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods cut Travelers Companies from an outperform rating to a market perform rating and set a $153.00 price objective for the company. in a research note on Wednesday, June 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Travelers Companies presently has an average rating of Hold and an average target price of $143.87.

Shares of TRV stock opened at $153.39 on Wednesday. Travelers Companies has a twelve month low of $111.08 and a twelve month high of $154.73. The stock has a market cap of $40.06 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.39 and a beta of 0.96. The stock has a fifty day moving average price of $150.06. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.94 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.46 EPS. Analysts forecast that Travelers Companies will post 11.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $0.77. This represents a $3.28 dividend on an annualized basis and a yield of 2.14%. Travelers Companies’s dividend payout ratio (DPR) is 36.69%.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 10,000 shares of the stock in a transaction dated 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 in the company, valued at $36,530,448.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 9,500 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $140.79, for a total value of $1,337,505.00. Following the completion of the sale, the insider now owns 241,745 shares of the company’s stock, valued at $34,035,278.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 211,860 shares of company stock valued at $30,020,402. 0.73% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Palmer Knight Co acquired a new position in shares of Travelers Companies in the second quarter valued at about $6,139,000. Spinnaker Trust acquired a new position in shares of Travelers Companies in the second quarter valued at about $216,000. Orrstown Financial Services Inc. increased its holdings in shares of Travelers Companies by 1.2% in the second quarter. Orrstown Financial Services Inc. now owns 7,967 shares of the insurance provider’s stock valued at $1,191,000 after purchasing an additional 92 shares during the period. Nachman Norwood & Parrott Inc increased its holdings in shares of Travelers Companies by 5.5% in the second quarter. Nachman Norwood & Parrott Inc now owns 2,624 shares of the insurance provider’s stock valued at $392,000 after purchasing an additional 137 shares during the period. Finally, Kwmg LLC increased its holdings in shares of Travelers Companies by 3.2% in the second quarter. Kwmg LLC now owns 19,241 shares of the insurance provider’s stock valued at $2,877,000 after purchasing an additional 600 shares during the period. Institutional investors own 80.57% 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.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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