BMO Capital Markets Issues Positive Forecast for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its price objective hoisted by BMO Capital Markets from $275.00 to $297.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

Several other analysts have also recently weighed in on the company. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. Bank of America raised their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $260.11.

Travelers Companies Trading Down 0.1 %

TRV stock opened at $241.29 on Friday. Travelers Companies has a one year low of $200.21 and a one year high of $269.55. The stock has a market cap of $54.78 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The company has a fifty day moving average price of $248.31 and a two-hundred day moving average price of $236.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34.

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

Travelers Companies Dividend Announcement

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

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,670 shares of company stock valued at $4,861,329 in the last 90 days. 1.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolff Wiese Magana LLC lifted its stake in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the period. True Wealth Design LLC acquired a new position in shares of Travelers Companies in the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies in the 3rd quarter valued at $50,000. Versant Capital Management Inc increased its position in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the period. Finally, Salomon & Ludwin LLC raised its stake in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after buying an additional 50 shares during 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.