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

The Travelers Companies, Inc. (NYSE:TRV) has been given an average rating of “Hold” by the twenty-three analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $247.90.

Several research analysts have weighed in on TRV shares. Royal Bank of Canada increased their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Roth Mkm upped their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Bank of America increased their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th.

Travelers Companies Price Performance

Shares of TRV opened at $260.82 on Friday. The firm has a fifty day simple moving average of $244.44 and a two-hundred day simple moving average of $224.32. The firm has a market cap of $59.21 billion, a PE ratio of 13.38, a P/E/G ratio of 1.23 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a 1-year low of $169.18 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the company earned $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that Travelers Companies will post 18.64 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Insider Buying and Selling

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,999 shares of company stock worth $16,580,166 in the last 90 days. 1.33% of the stock is owned by corporate insiders.

Institutional Trading of Travelers Companies

Hedge funds have recently made changes to their positions in the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the second quarter worth $25,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies during the first quarter worth approximately $35,000. Beacon Capital Management LLC boosted its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. Finally, True Wealth Design LLC purchased a new position in Travelers Companies during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About 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.