The Travelers Companies (TRV) Given a $142.00 Price Target by Wells Fargo Analysts

Wells Fargo set a $142.00 price target on The Travelers Companies (NYSE:TRV) in a report released on Tuesday. The firm currently has a hold rating on the insurance provider’s stock.

TRV has been the subject of several other reports. Zacks Investment Research upgraded The Travelers Companies from a hold rating to a buy rating and set a $154.00 price objective for the company in a research note on Thursday, April 12th. ValuEngine lowered The Travelers Companies from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Credit Suisse Group boosted their price objective on The Travelers Companies from $141.00 to $144.00 and gave the stock a neutral rating in a research note on Wednesday, January 24th. Citigroup boosted their price objective on The Travelers Companies from $156.00 to $159.00 and gave the stock a buy rating in a research note on Tuesday, March 27th. Finally, Atlantic Securities upgraded The Travelers Companies from an underweight rating to a neutral rating and set a $110.00 price objective for the company in a research note on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $138.07.

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NYSE:TRV opened at $132.88 on Tuesday. The Travelers Companies has a 12 month low of $113.76 and a 12 month high of $150.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. The company has a market cap of $37,142.21, a price-to-earnings ratio of 18.25, a PEG ratio of 1.73 and a beta of 1.25.



The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). The Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The firm had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter last year, the firm posted $3.20 earnings per share. The Travelers Companies’s quarterly revenue was up 3.6% on a year-over-year basis. equities research analysts forecast that The Travelers Companies will post 10.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be given a $0.77 dividend. This is a positive change from The Travelers Companies’s previous quarterly dividend of $0.72. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.32%. The Travelers Companies’s dividend payout ratio is 39.56%.

In related news, Vice Chairman William H. Heyman sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.75, for a total value of $356,875.00. Following the transaction, the insider now directly owns 250,567 shares in the company, valued at $35,768,439.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 2,022 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $140.37, for a total value of $283,828.14. Following the completion of the transaction, the insider now owns 242,244 shares in the company, valued at $34,003,790.28. The disclosure for this sale can be found here. Insiders sold 204,912 shares of company stock valued at $29,890,095 over the last 90 days. Company insiders own 0.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Abner Herrman & Brock LLC lifted its holdings in The Travelers Companies by 6.5% in the fourth quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock valued at $8,529,000 after acquiring an additional 3,853 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in The Travelers Companies by 138.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,091 shares of the insurance provider’s stock valued at $284,000 after acquiring an additional 1,213 shares during the last quarter. Eaton Vance Management lifted its holdings in The Travelers Companies by 2.2% in the fourth quarter. Eaton Vance Management now owns 232,379 shares of the insurance provider’s stock valued at $31,520,000 after acquiring an additional 4,903 shares during the last quarter. First Business Financial Services Inc. lifted its holdings in The Travelers Companies by 16.9% in the fourth quarter. First Business Financial Services Inc. now owns 5,684 shares of the insurance provider’s stock valued at $771,000 after acquiring an additional 822 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new position in The Travelers Companies in the fourth quarter valued at approximately $478,000. Hedge funds and other institutional investors own 80.04% of the company’s stock.

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The 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. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

Analyst Recommendations for The Travelers Companies (NYSE:TRV)

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