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

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been given a consensus rating of “Hold” by the twenty-three brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $247.90.

A number of research analysts have recently issued reports on TRV shares. Barclays boosted their price objective on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Bank of America raised their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Piper Sandler dropped their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Wells Fargo & Company increased their price target on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, BMO Capital Markets boosted their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s 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 transaction, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. This trade represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock worth $16,580,166 over the last ninety days. Insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies in the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies during the 1st quarter valued at about $35,000. Beacon Capital Management LLC raised its holdings in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares in the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of Travelers Companies during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.7 %

Shares of TRV stock opened at $260.82 on Friday. The stock has a market cap of $59.21 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62. Travelers Companies has a 1 year low of $169.18 and a 1 year high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $244.44 and a 200 day simple moving average of $224.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.95 earnings per share. On average, research analysts predict that Travelers Companies will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

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.