Travelers Companies (NYSE:TRV) had its price objective lifted by UBS Group from $146.00 to $152.00 in a report published on Wednesday morning, Stock Target Advisor reports. UBS Group currently has a neutral rating on the insurance provider’s stock.
Other equities analysts have also recently issued research reports about the stock. MKM Partners raised their target price on shares of Travelers Companies to $140.00 and gave the stock a neutral rating in a report on Monday, April 22nd. ValuEngine raised shares of Vistra Energy from a hold rating to a buy rating in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods cut shares of Travelers Companies from an outperform rating to a market perform rating and set a $153.00 target price on the stock. in a report on Wednesday, June 5th. Royal Bank of Canada set a GBX 5,200 ($67.95) target price on shares of London Stock Exchange Group and gave the stock a buy rating in a report on Wednesday, April 24th. Finally, Barclays set a $34.00 target price on shares of DCP Midstream and gave the stock a hold rating in a report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $144.93.
Shares of NYSE TRV opened at $153.39 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. The stock has a 50-day simple moving average of $150.06. Travelers Companies has a 52-week low of $111.08 and a 52-week high of $154.73. The company has a market capitalization of $39.83 billion, a PE ratio of 16.37, a P/E/G ratio of 1.38 and a beta of 0.96.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were paid a $0.82 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.28 annualized dividend and a dividend yield of 2.14%. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.
In other Travelers Companies news, EVP Andy F. Bessette sold 16,550 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $142.46, for a total value of $2,357,713.00. Following the sale, the executive vice president now owns 9,609 shares in the company, valued at $1,368,898.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jay S. Benet sold 60,979 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $137.46, for a total transaction of $8,382,173.34. Following the completion of the sale, the insider now owns 146,845 shares in the company, valued at approximately $20,185,313.70. The disclosure for this sale can be found here. Insiders sold 211,860 shares of company stock worth $30,020,402 in the last 90 days. 0.73% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the business. Sontag Advisory LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. Interactive Financial Advisors acquired a new position in shares of Travelers Companies during the first quarter valued at approximately $27,000. Princeton Global Asset Management LLC acquired a new position in shares of Travelers Companies during the first quarter valued at approximately $27,000. Buffington Mohr McNeal acquired a new position in shares of Travelers Companies during the first quarter valued at approximately $28,000. Finally, Global Retirement Partners LLC increased its stake in shares of Travelers Companies by 120.5% during the fourth quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 135 shares during the period. Institutional investors own 80.57% 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.
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