UBS Group Has Lowered Expectations for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV - Free Report) had its price target cut by UBS Group from $270.00 to $267.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the insurance provider's stock.

TRV has been the topic of several other research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Travelers Companies from $286.00 to $274.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Wells Fargo & Company raised Travelers Companies from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $225.00 to $247.00 in a research report on Wednesday, April 9th. BMO Capital Markets increased their price target on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Three 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's stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $263.37.

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Travelers Companies Trading Up 2.2 %

Shares of NYSE:TRV traded up $5.48 during midday trading on Wednesday, hitting $250.61. 1,016,767 shares of the stock were exchanged, compared to its average volume of 1,303,613. The business's 50-day moving average price is $251.59 and its 200 day moving average price is $248.93. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $56.82 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 4.65 and a beta of 0.48.

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

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock worth $5,207,499,000 after buying an additional 117,108 shares in the last quarter. FMR LLC boosted its position in Travelers Companies by 1.6% during the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock worth $3,439,392,000 after acquiring an additional 229,160 shares during the last quarter. Geode Capital Management LLC grew its stake in Travelers Companies by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock worth $1,269,321,000 after acquiring an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Travelers Companies by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock valued at $903,937,000 after acquiring an additional 70,036 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after purchasing an additional 2,466,098 shares during the period. Hedge funds and other institutional investors own 82.45% 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.