The Travelers Companies, Inc. (NYSE:TRV) Receives $263.37 Consensus Price Target from Brokerages

Shares of The Travelers Companies, Inc. (NYSE:TRV) have received a consensus rating of “Hold” from the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $267.32.

A number of research analysts have commented on the stock. Evercore ISI increased their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. UBS Group lowered their price objective on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Barclays reduced their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th.

Travelers Companies Stock Performance

Shares of TRV stock opened at $256.05 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company’s fifty day moving average price is $252.42 and its two-hundred day moving average price is $249.36. The firm has a market capitalization of $58.05 billion, a P/E ratio of 11.93, a P/E/G ratio of 4.65 and a beta of 0.48. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $269.56.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the business posted $4.69 earnings per share. On average, research analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.72%. Travelers Companies’s dividend payout ratio is presently 23.95%.

Institutional Trading of Travelers Companies

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

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.