The Travelers Companies (NYSE:TRV) had its price target trimmed by Morgan Stanley from $130.00 to $126.00 in a research note issued to investors on Wednesday. They currently have an underweight rating on the insurance provider’s stock.

Several other analysts have also issued reports on the stock. MKM Partners cut their price target on shares of The Travelers Companies to $140.00 and set a neutral rating for the company in a research report on Wednesday. Wells Fargo set a $142.00 price target on shares of The Travelers Companies and gave the company a hold rating in a research report on Tuesday. Zacks Investment Research upgraded shares of The Travelers Companies from a hold rating to a buy rating and set a $154.00 price target for the company in a research report on Thursday, April 12th. Citigroup upped their price target on shares of The Travelers Companies from $156.00 to $159.00 and gave the company a buy rating in a research report on Tuesday, March 27th. Finally, Barclays restated a hold rating and set a $140.00 price target (up from $135.00) on shares of The Travelers Companies in a research report on Sunday, February 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The Travelers Companies presently has an average rating of Hold and an average target price of $139.63.

Shares of NYSE:TRV opened at $133.19 on Wednesday. The Travelers Companies has a 52-week low of $113.76 and a 52-week high of $150.55. The firm has a market capitalization of $35,931.24, a P/E ratio of 17.56, a P/E/G ratio of 1.69 and a beta of 1.25. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.30.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Tuesday, April 24th. The insurance provider reported $2.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.22). The Travelers Companies had a net margin of 7.21% and a return on equity of 8.94%. The business had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.24 billion. sell-side analysts predict that The Travelers Companies will post 10.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be issued a dividend of $0.77 per share. 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 2.31%. The ex-dividend date is Thursday, June 7th. The Travelers Companies’s dividend payout ratio is currently 39.56%.

In related news, Vice Chairman Jay S. Benet sold 4,437 shares of the stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $136.02, for a total value of $603,520.74. Following the completion of the transaction, the insider now directly owns 89,737 shares of the company’s stock, valued at $12,206,026.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gregory C. Toczydlowski sold 28,975 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $148.56, for a total transaction of $4,304,526.00. Following the completion of the transaction, the executive vice president now directly owns 35,900 shares of the company’s stock, valued at $5,333,304. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,590 shares of company stock valued at $15,054,873. 0.80% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Stelac Advisory Services LLC bought a new position in The Travelers Companies in the fourth quarter worth about $101,000. Field & Main Bank bought a new position in The Travelers Companies in the fourth quarter worth about $102,000. CNB Bank bought a new position in The Travelers Companies in the fourth quarter worth about $113,000. Captrust Financial Advisors bought a new position in The Travelers Companies in the fourth quarter worth about $127,000. Finally, Virtue Capital Management LLC bought a new position in The Travelers Companies in the fourth quarter worth about $138,000. 80.04% of the stock is owned by institutional investors.

About The 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.

Analyst Recommendations for The Travelers Companies (NYSE:TRV)

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