The Travelers Companies, Inc. (NYSE:TRV) Given Consensus Recommendation of “Hold” by Brokerages

The Travelers Companies, Inc. (NYSE:TRV) has received an average recommendation of “Hold” from the twenty-four research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $254.85.

Several brokerages recently issued reports on TRV. BMO Capital Markets increased their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. UBS Group raised their price target on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research note on Friday.

Travelers Companies Trading Down 4.2 %

Shares of NYSE TRV opened at $232.53 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a one year low of $191.88 and a one year high of $269.55. The business has a 50-day moving average price of $250.73 and a two-hundred day moving average price of $234.59. The firm has a market capitalization of $52.79 billion, a PE ratio of 11.92, a PEG ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.95 earnings per share. As a group, analysts predict that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a $1.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.81%. Travelers Companies’s payout ratio is 21.54%.

Insider Activity at Travelers Companies

In other news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the sale, the executive vice president now directly owns 16,976 shares in the company, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 in the last ninety days. 1.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Travelers Companies

Hedge funds have recently modified their holdings of the stock. Ledyard National Bank raised its stake in Travelers Companies by 1.9% during the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 39 shares in the last quarter. Trueblood Wealth Management LLC grew its holdings in shares of Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after purchasing an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. increased its position in shares of Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after purchasing an additional 42 shares in the last quarter. Willner & Heller LLC lifted its holdings in Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after purchasing an additional 45 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its position in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

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.