The Travelers Companies, Inc. (NYSE:TRV) Given Consensus Rating of “Hold” by Analysts

The Travelers Companies, Inc. (NYSE:TRV) has received a consensus recommendation of “Hold” from the twenty-three brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $261.05.

TRV has been the subject of several recent analyst reports. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a report on Thursday, November 21st. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research report on Wednesday, January 8th. BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Tuesday, December 10th.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Travelers Companies by 236.9% in the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after purchasing an additional 2,466,098 shares during the period. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter worth approximately $560,918,000. FMR LLC lifted its stake in shares of Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock worth $360,694,000 after acquiring an additional 907,266 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Travelers Companies during the 4th quarter worth approximately $138,619,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.5 %

Shares of Travelers Companies stock opened at $258.65 on Tuesday. Travelers Companies has a 52-week low of $200.21 and a 52-week high of $269.55. The stock’s 50-day simple moving average is $243.21 and its 200 day simple moving average is $243.20. The stock has a market capitalization of $58.64 billion, a P/E ratio of 12.05, a P/E/G ratio of 4.65 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.01 EPS. As a group, research analysts anticipate that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.