The Travelers Companies, Inc. (NYSE:TRV) Receives $261.05 Consensus Price Target from Brokerages

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been given an average rating of “Hold” by the twenty-three ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $260.00.

TRV has been the topic of several recent research reports. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Barclays lifted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd.

Travelers Companies Stock Up 1.2 %

Shares of NYSE TRV opened at $259.70 on Friday. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $269.56. 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 firm has a market cap of $58.88 billion, a PE ratio of 12.10, a P/E/G ratio of 4.65 and a beta of 0.60. The company’s fifty day simple moving average is $248.83 and its 200 day simple moving average is $247.37.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.01 EPS. As a group, 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. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Institutional Trading of Travelers Companies

Hedge funds have recently bought and sold shares of the business. Ameriflex Group Inc. purchased a new stake in shares of Travelers Companies during the 4th quarter valued at $26,000. Putney Financial Group LLC bought a new position in Travelers Companies during the fourth quarter valued at about $26,000. YANKCOM Partnership bought a new position in Travelers Companies during the fourth quarter valued at about $27,000. Kapitalo Investimentos Ltda purchased a new stake in Travelers Companies during the fourth quarter worth about $30,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Travelers Companies in the fourth quarter worth about $33,000. 82.45% of the stock is currently owned by 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.