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

The Travelers Companies, Inc. (NYSE:TRV) has earned an average recommendation of “Hold” from the twenty-three ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $261.05.

TRV has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. BMO Capital Markets lifted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Barclays upped their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th.

Institutional Trading of Travelers Companies

Large investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its holdings in shares of Travelers Companies by 8.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock valued at $3,982,000 after buying an additional 1,360 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in shares of Travelers Companies by 61.1% during the 3rd quarter. Prospera Financial Services Inc now owns 4,729 shares of the insurance provider’s stock valued at $1,109,000 after buying an additional 1,794 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $84,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $405,000. Finally, Cornerstone Advisors LLC boosted its holdings in shares of Travelers Companies by 46.0% during the 3rd quarter. Cornerstone Advisors LLC now owns 9,200 shares of the insurance provider’s stock valued at $2,154,000 after buying an additional 2,900 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $256.70 on Friday. The stock has a market cap of $58.20 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $248.29 and a 200 day simple moving average of $246.93. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.56.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the business earned $7.01 earnings per share. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts forecast that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) 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.