Morgan Stanley Raises Travelers Companies (NYSE:TRV) Price Target to $190.00

Travelers Companies (NYSE:TRVGet Rating) had its price target boosted by Morgan Stanley from $175.00 to $190.00 in a research report report published on Tuesday, MarketBeat Ratings reports. They currently have an equal weight rating on the insurance provider’s stock.

Several other brokerages also recently weighed in on TRV. Royal Bank of Canada boosted their price objective on Travelers Companies from $165.00 to $180.00 and gave the company a sector perform rating in a research report on Thursday, October 20th. Raymond James boosted their target price on Travelers Companies from $185.00 to $200.00 and gave the company a strong-buy rating in a research note on Thursday, October 20th. Citigroup boosted their target price on Travelers Companies from $179.00 to $181.00 and gave the company a neutral rating in a research note on Thursday, October 20th. Barclays boosted their target price on Travelers Companies from $164.00 to $178.00 and gave the company an equal weight rating in a research note on Thursday, October 20th. Finally, MKM Partners boosted their target price on Travelers Companies from $185.00 to $220.00 and gave the company a buy rating in a research note on Tuesday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $178.33.

Travelers Companies Stock Performance

Shares of TRV stock opened at $188.01 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a fifty-two week low of $145.40 and a fifty-two week high of $188.46. The stock has a 50 day moving average price of $170.62 and a two-hundred day moving average price of $168.18. The company has a market capitalization of $44.06 billion, a P/E ratio of 13.74, a PEG ratio of 2.61 and a beta of 0.66.

Travelers Companies (NYSE:TRVGet Rating) last announced its quarterly earnings data on Wednesday, October 19th. The insurance provider reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.14). Travelers Companies had a net margin of 9.26% and a return on equity of 14.31%. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter in the previous year, the firm posted $2.60 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts expect that Travelers Companies will post 13.13 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $3.72 annualized dividend and a yield of 1.98%. Travelers Companies’s payout ratio is 27.19%.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $185.50, for a total value of $185,500.00. Following the sale, the insider now directly owns 251,605 shares of the company’s stock, valued at $46,672,727.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $183.67, for a total value of $1,836,700.00. Following the sale, the executive vice president now directly owns 9,107 shares of the company’s stock, valued at $1,672,682.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $185.50, for a total value of $185,500.00. Following the completion of the sale, the insider now directly owns 251,605 shares in the company, valued at $46,672,727.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,516 shares of company stock valued at $8,461,942. Insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Institutional investors have recently modified their holdings of the stock. ACG Wealth bought a new position in shares of Travelers Companies during the second quarter valued at $25,000. First PREMIER Bank bought a new position in shares of Travelers Companies during the third quarter valued at $26,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Travelers Companies by 57.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 183 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Travelers Companies during the first quarter valued at $32,000. Finally, Kings Point Capital Management lifted its holdings in shares of Travelers Companies by 60.7% during the first quarter. Kings Point Capital Management now owns 180 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 68 shares in the last quarter. 82.39% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Company Profile

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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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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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