Travelers Companies (NYSE:TRV – Free Report) had its price target decreased by Jefferies Financial Group from $183.00 to $180.00 in a research report report published on Tuesday, Marketbeat Ratings reports. Jefferies Financial Group currently has a hold rating on the insurance provider’s stock.
Other equities analysts have also recently issued research reports about the company. StockNews.com cut Travelers Companies from a buy rating to a hold rating in a report on Monday, June 19th. Roth Capital reiterated a buy rating on shares of Travelers Companies in a report on Friday, April 21st. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $183.00 to $185.00 in a report on Thursday, July 20th. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $185.00 to $194.00 in a report on Thursday, July 6th. Finally, Piper Sandler reduced their price objective on Travelers Companies from $208.00 to $176.00 in a research note on Thursday, July 6th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $196.08.
Travelers Companies Price Performance
Shares of TRV stock opened at $174.89 on Tuesday. The firm has a market capitalization of $40.04 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.40 and a beta of 0.60. Travelers Companies has a 52-week low of $149.65 and a 52-week high of $194.51. The stock has a 50 day moving average price of $173.50 and a 200 day moving average price of $177.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.33.
Travelers Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $4.00 dividend on an annualized basis and a yield of 2.29%. Travelers Companies’s dividend payout ratio (DPR) is 42.60%.
Travelers Companies announced that its Board of Directors has approved a stock buyback plan on Wednesday, April 19th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to reacquire up to 12.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
Insider Activity at Travelers Companies
In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Monday, July 24th. The stock was sold at an average price of $175.05, for a total transaction of $1,750,500.00. Following the completion of the sale, the executive vice president now owns 14,080 shares of the company’s stock, valued at $2,464,704. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.29% of the stock is owned by insiders.
Hedge Funds Weigh In On Travelers Companies
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nordwand Advisors LLC bought a new position in Travelers Companies in the 1st quarter worth approximately $26,000. FWL Investment Management LLC bought a new position in shares of Travelers Companies during the fourth quarter worth $28,000. US Asset Management LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Travelers Companies during the first quarter worth $31,000. Finally, Quarry LP acquired a new position in shares of Travelers Companies during the first quarter worth about $31,000. Institutional investors own 81.06% 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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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