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

The Travelers Companies, Inc. (NYSE:TRV) has earned a consensus rating of “Hold” from the twenty-four analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $251.70.

A number of research analysts recently weighed in on TRV shares. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company restated an “underweight” rating and set a $217.00 target price (down previously from $256.00) on shares of Travelers Companies in a research note on Wednesday, December 11th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Tuesday, December 10th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. Finally, The Goldman Sachs Group increased their target price on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday, October 22nd.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. The trade was a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock valued at $20,295,856 over the last quarter. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently modified their holdings of TRV. Foundations Investment Advisors LLC purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $224,000. Larson Financial Group LLC grew its position in Travelers Companies by 509.7% during the second quarter. Larson Financial Group LLC now owns 756 shares of the insurance provider’s stock worth $154,000 after buying an additional 632 shares in the last quarter. Victory Capital Management Inc. grew its position in Travelers Companies by 34.0% during the second quarter. Victory Capital Management Inc. now owns 113,208 shares of the insurance provider’s stock worth $23,020,000 after buying an additional 28,735 shares in the last quarter. New York Life Investment Management LLC raised its holdings in shares of Travelers Companies by 1.3% in the 2nd quarter. New York Life Investment Management LLC now owns 34,915 shares of the insurance provider’s stock valued at $7,100,000 after acquiring an additional 448 shares in the last quarter. Finally, Candriam S.C.A. boosted its position in shares of Travelers Companies by 11.7% during the 2nd quarter. Candriam S.C.A. now owns 25,904 shares of the insurance provider’s stock valued at $5,267,000 after acquiring an additional 2,705 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of TRV opened at $242.29 on Monday. The company’s fifty day simple moving average is $251.56 and its 200 day simple moving average is $233.89. Travelers Companies has a 1-year low of $189.87 and a 1-year high of $269.55. The company has a market cap of $55.00 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.17 and a beta of 0.65. 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 (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted $1.95 EPS. On average, research analysts forecast that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $1.05 per share. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. 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.