Travelers Companies (NYSE:TRV - Free Report) had its price objective increased by JPMorgan Chase & Co. from $260.00 to $271.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an underweight rating on the insurance provider's stock.
Several other brokerages have also commented on TRV. HSBC lowered 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 raised shares of 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 upped their target price on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $263.37.
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Travelers Companies Stock Down 0.1 %
NYSE:TRV traded down $0.21 on Tuesday, reaching $244.96. The stock had a trading volume of 1,367,015 shares, compared to its average volume of 1,303,946. The company has a 50-day moving average of $251.59 and a 200 day moving average of $248.84. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $55.54 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $269.56.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same period in the prior year, the company posted $7.01 earnings per share. The firm's quarterly revenue was up 9.9% on a year-over-year basis. On average, research analysts predict that Travelers Companies will post 17.02 earnings per share for the current year.
Travelers Companies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.
Hedge Funds Weigh In On Travelers Companies
A number of hedge funds have recently added to or reduced their stakes in TRV. Towneley Capital Management Inc DE acquired a new position in shares of Travelers Companies during the 1st quarter worth $241,000. Gateway Investment Advisers LLC lifted its position in shares of Travelers Companies by 1.4% in the first quarter. Gateway Investment Advisers LLC now owns 32,316 shares of the insurance provider's stock worth $8,546,000 after buying an additional 434 shares during the last quarter. Procyon Advisors LLC boosted its stake in shares of Travelers Companies by 5.3% during the 1st quarter. Procyon Advisors LLC now owns 18,718 shares of the insurance provider's stock worth $4,950,000 after acquiring an additional 941 shares in the last quarter. Vest Financial LLC bought a new position in shares of Travelers Companies in the 1st quarter valued at approximately $30,555,000. Finally, Breakwater Capital Group lifted its holdings in Travelers Companies by 6.4% in the 1st quarter. Breakwater Capital Group now owns 1,076 shares of the insurance provider's stock worth $285,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.
Travelers Companies Company Profile
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Get Free Report)
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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