The Travelers Companies, Inc. (NYSE:TRV) Receives $223.78 Consensus Target Price from Analysts

The Travelers Companies, Inc. (NYSE:TRV) has received an average recommendation of “Hold” from the twenty-two analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $227.05.

A number of brokerages recently issued reports on TRV. Barclays assumed coverage on Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective for the company. Citigroup raised their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, William Blair reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th.

Travelers Companies Stock Up 2.8 %

Shares of TRV stock opened at $241.10 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $242.89. The stock has a market cap of $54.95 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.22 and a beta of 0.62. The company has a 50 day simple moving average of $215.54 and a two-hundred day simple moving average of $216.41.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the prior year, the business posted $0.06 earnings per share. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts expect that Travelers Companies will post 17.19 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Drive Wealth Management LLC lifted its position in Travelers Companies by 2.8% during the second quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock valued at $360,000 after acquiring an additional 48 shares during the last quarter. Wealth Quarterback LLC grew its holdings in shares of Travelers Companies by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after buying an additional 49 shares during the last quarter. Kapitalo Investimentos Ltda lifted its position in Travelers Companies by 24.1% during the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 49 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Travelers Companies by 9.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after purchasing an additional 50 shares during the period. Finally, Norwood Financial Corp lifted its stake in Travelers Companies by 16.1% during the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after acquiring an additional 50 shares during the period. 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.