The Travelers Companies, Inc. (NYSE:TRV) Receives $223.47 Consensus PT from Analysts

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been assigned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $223.47.

A number of brokerages have issued reports on TRV. Roth Mkm reissued a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. UBS Group lowered their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Royal Bank of Canada cut their price objective on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. The Goldman Sachs Group increased their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Finally, HSBC lifted their price target on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 4th.

Travelers Companies Stock Down 0.2 %

NYSE:TRV opened at $213.85 on Wednesday. The firm has a market capitalization of $48.97 billion, a P/E ratio of 15.89, a PEG ratio of 1.11 and a beta of 0.60. The company’s fifty day moving average price is $220.82 and its 200-day moving average price is $200.58. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the previous year, the business posted $4.11 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts anticipate that Travelers Companies will post 17.71 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio is currently 29.72%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock worth $12,057,727. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its stake in Travelers Companies by 2.7% in the third quarter. Commonwealth Equity Services LLC now owns 104,338 shares of the insurance provider’s stock worth $17,039,000 after acquiring an additional 2,733 shares during the last quarter. Toews Corp ADV purchased a new stake in shares of Travelers Companies in the third quarter valued at about $751,000. Vicus Capital acquired a new stake in shares of Travelers Companies during the third quarter worth about $348,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the third quarter worth about $900,000. Finally, Xponance Inc. increased its position in Travelers Companies by 4.7% in the 3rd quarter. Xponance Inc. now owns 29,357 shares of the insurance provider’s stock valued at $4,794,000 after acquiring an additional 1,314 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.