The Travelers Companies, Inc. (NYSE:TRV) had its price target hoisted by UBS AG from $131.00 to $139.00 in a report issued on Wednesday, November 1st, www.benzinga.com reports. They currently have a neutral rating on the insurance provider’s stock.
Other research analysts also recently issued reports about the company. Royal Bank Of Canada restated a buy rating and set a $135.00 price objective on shares of The Travelers Companies in a research note on Monday, August 21st. Citigroup Inc. lowered their price objective on The Travelers Companies from $142.00 to $140.00 and set a buy rating for the company in a research note on Monday, October 2nd. Credit Suisse Group lowered their price objective on The Travelers Companies from $128.00 to $125.00 and set a neutral rating for the company in a research note on Tuesday, September 12th. Zacks Investment Research upgraded The Travelers Companies from a sell rating to a hold rating in a research note on Thursday, September 14th. Finally, ValuEngine upgraded The Travelers Companies from a hold rating to a buy rating in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $128.54.
The Travelers Companies (TRV) opened at $129.92 on Wednesday. The Travelers Companies has a 52 week low of $110.82 and a 52 week high of $135.71. The firm has a market capitalization of $35,800.00, a PE ratio of 16.34, a PEG ratio of 2.52 and a beta of 1.26. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the firm posted $2.40 earnings per share. The Travelers Companies’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts anticipate that The Travelers Companies will post 7.09 earnings per share for the current fiscal year.
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The Travelers Companies announced that its Board of Directors has approved a stock repurchase plan on Monday, September 11th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, December 8th. The Travelers Companies’s dividend payout ratio is 33.29%.
In other news, EVP Andy F. Bessette sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total transaction of $265,960.00. Following the completion of the sale, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at $1,063,840. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.82% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Carnick & Kubik Group LLC acquired a new position in The Travelers Companies during the third quarter valued at $758,000. Robeco Institutional Asset Management B.V. acquired a new position in The Travelers Companies in the 3rd quarter worth about $78,058,000. DekaBank Deutsche Girozentrale increased its position in The Travelers Companies by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 137,846 shares of the insurance provider’s stock worth $17,537,000 after purchasing an additional 7,042 shares during the last quarter. Palisade Asset Management LLC increased its position in The Travelers Companies by 2.2% in the 2nd quarter. Palisade Asset Management LLC now owns 18,569 shares of the insurance provider’s stock worth $2,350,000 after purchasing an additional 400 shares during the last quarter. Finally, IBM Retirement Fund increased its position in The Travelers Companies by 109.5% in the 2nd quarter. IBM Retirement Fund now owns 6,812 shares of the insurance provider’s stock worth $963,000 after purchasing an additional 3,561 shares during the last quarter. 77.63% of the stock is currently owned by hedge funds and other institutional investors.
About The Travelers Companies
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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