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

The Travelers Companies, Inc. (NYSE:TRV) has been given a consensus recommendation of “Hold” by the twenty-three research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $261.05.

A number of equities research analysts have weighed in on TRV shares. 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 research note on Thursday, November 21st. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. 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. 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. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th.

Institutional Trading of Travelers Companies

Hedge funds have recently added to or reduced their stakes in the business. Ameriflex Group Inc. bought a new stake in Travelers Companies during the 4th quarter valued at $26,000. Putney Financial Group LLC bought a new stake in Travelers Companies during the 4th quarter valued at $26,000. YANKCOM Partnership bought a new stake in Travelers Companies during the 4th quarter valued at $27,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies in the 4th quarter worth $30,000. Finally, Generali Investments Management Co LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth $37,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $248.29 on Tuesday. Travelers Companies has a one year low of $200.21 and a one year high of $269.55. The business’s 50-day simple moving average is $242.08 and its 200 day simple moving average is $242.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $56.29 billion, a P/E ratio of 11.56, a PEG ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm earned $7.01 EPS. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts forecast that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.69%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

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.