The Travelers Companies, Inc. (NYSE:TRV) Receives Consensus Rating of “Hold” from Brokerages

The Travelers Companies, Inc. (NYSE:TRV) has received a consensus recommendation of “Hold” from the twenty-five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, five have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $329.1053.

A number of analysts have recently commented on TRV shares. Cantor Fitzgerald lifted their price target on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Barclays lowered shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $331.00 to $295.00 in a report on Friday, June 12th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. UBS Group boosted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Bank of America decreased their price objective on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,853,239.50. The trade was a 51.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,573 shares of company stock valued at $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Institutional Trading of Travelers Companies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Berman McAleer LLC raised its position in shares of Travelers Companies by 3.5% in the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after buying an additional 30 shares in the last quarter. Willner & Heller LLC lifted its position in Travelers Companies by 2.7% in the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after buying an additional 32 shares during the last quarter. Spinnaker Trust boosted its holdings in Travelers Companies by 1.7% during the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares during the period. Cim LLC grew its stake in shares of Travelers Companies by 0.4% in the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after purchasing an additional 34 shares during the last quarter. Finally, Avalon Trust Co increased its holdings in Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after purchasing an additional 35 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE TRV opened at $336.89 on Friday. Travelers Companies has a fifty-two week low of $251.30 and a fifty-two week high of $349.35. The stock has a market cap of $71.64 billion, a PE ratio of 10.02, a PEG ratio of 2.94 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm’s fifty day moving average price is $312.92 and its two-hundred day moving average price is $301.03.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.34 by $4.70. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. On average, equities analysts expect that Travelers Companies will post 28.31 EPS for the current fiscal year.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.