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

Shares of The Travelers Companies, Inc. (NYSE:TRV) have earned an average rating of “Hold” from the twenty-two brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $227.05.

A number of equities analysts have commented on the stock. Piper Sandler dropped their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Citigroup lifted their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Finally, Bank of America increased their target price on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research report on Monday, July 22nd.

Travelers Companies Stock Up 0.0 %

TRV opened at $236.11 on Friday. The stock has a market cap of $53.82 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s fifty day moving average is $222.96 and its 200 day moving average is $218.07. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $243.48.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same period last year, the company earned $0.06 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts forecast that Travelers Companies will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Gryphon Financial Partners LLC lifted its holdings in Travelers Companies by 35.4% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,381 shares of the insurance provider’s stock valued at $444,000 after purchasing an additional 623 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Travelers Companies by 11.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,872 shares of the insurance provider’s stock valued at $547,000 after buying an additional 303 shares in the last quarter. Bank of Nova Scotia boosted its holdings in Travelers Companies by 552.8% in the 4th quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock worth $31,631,000 after buying an additional 140,622 shares during the last quarter. Tradition Wealth Management LLC boosted its holdings in Travelers Companies by 2.8% in the 4th quarter. Tradition Wealth Management LLC now owns 3,834 shares of the insurance provider’s stock worth $730,000 after buying an additional 105 shares during the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at approximately $207,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

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.