Keefe, Bruyette & Woods Cuts Travelers Companies (NYSE:TRV) Price Target to $274.00

Travelers Companies (NYSE:TRV - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $286.00 to $274.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the insurance provider's stock.

Several other equities research analysts also recently weighed in on TRV. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Monday, March 24th. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $263.37.

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Travelers Companies Trading Up 2.0 %

NYSE TRV traded up $4.82 during mid-day trading on Wednesday, hitting $249.95. The company's stock had a trading volume of 305,727 shares, compared to its average volume of 1,300,840. The firm has a market capitalization of $56.67 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. Travelers Companies has a 52-week low of $200.21 and a 52-week high of $269.56. The stock's fifty day simple moving average is $251.59 and its two-hundred day simple moving average is $248.93.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $7.01 EPS. Research analysts expect that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.68%. The ex-dividend date was Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Putney Financial Group LLC bought a new stake in Travelers Companies in the 4th quarter valued at about $26,000. Ameriflex Group Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. Kapitalo Investimentos Ltda acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC bought a new position in Travelers Companies in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Company Profile

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.