Travelers Companies (NYSE:TRV) Price Target Raised to $260.00 at Wells Fargo & Company

Travelers Companies (NYSE:TRV - Free Report) had its target price upped by Wells Fargo & Company from $247.00 to $260.00 in a report issued on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the insurance provider's stock.

Several other brokerages also recently weighed in on TRV. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Evercore ISI raised their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $267.32.

Travelers Companies Trading Up 4.8 %

Shares of TRV stock traded up $12.01 on Thursday, hitting $261.60. 1,721,748 shares of the company's stock traded hands, compared to its average volume of 1,290,254. The stock has a market capitalization of $59.31 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 4.65 and a beta of 0.48. The company's fifty day simple moving average is $252.61 and its 200 day simple moving average is $249.67. Travelers Companies has a one year low of $200.21 and a one year 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.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period last year, the firm earned $4.69 earnings per share. Equities analysts forecast that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.68%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after purchasing an additional 41 shares during the last quarter. Quent Capital LLC boosted its stake in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after buying an additional 43 shares during the last quarter. Salem Investment Counselors Inc. increased its position in Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock valued at $218,000 after acquiring an additional 44 shares during the last quarter. Somerset Trust Co grew its stake in shares of Travelers Companies by 5.2% during the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after purchasing an additional 45 shares during the period. Finally, Lake Street Advisors Group LLC lifted its stake in shares of Travelers Companies by 2.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after purchasing an additional 46 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.