The Travelers Companies, Inc. (NYSE:TRV) has received an average rating of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $124.70.
TRV has been the topic of several research reports. Citigroup Inc. upped their price objective on The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Monday, April 24th. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a research report on Tuesday, June 27th. Bank of America Corporation cut shares of The Travelers Companies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $120.62 to $129.44 in a research report on Monday, June 19th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $119.00 target price (up previously from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th.
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In other news, EVP Kenneth Franklin Spence III sold 4,800 shares of The Travelers Companies stock in a transaction on Monday, August 14th. The shares were sold at an average price of $128.73, for a total transaction of $617,904.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maria Olivo sold 8,186 shares of The Travelers Companies stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $124.84, for a total transaction of $1,021,940.24. Following the transaction, the executive vice president now owns 88,697 shares in the company, valued at approximately $11,072,933.48. The disclosure for this sale can be found here. Insiders sold 194,303 shares of company stock worth $24,702,936 over the last three months. 0.82% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Cullen Capital Management LLC raised its position in shares of The Travelers Companies by 2.0% in the second quarter. Cullen Capital Management LLC now owns 553,780 shares of the insurance provider’s stock worth $70,070,000 after buying an additional 10,980 shares during the period. Colony Group LLC raised its position in shares of The Travelers Companies by 10.7% in the second quarter. Colony Group LLC now owns 19,395 shares of the insurance provider’s stock worth $2,454,000 after buying an additional 1,881 shares during the period. Koch Industries Inc. purchased a new position in The Travelers Companies during the second quarter valued at about $279,000. Verition Fund Management LLC raised its position in The Travelers Companies by 4.2% in the second quarter. Verition Fund Management LLC now owns 7,287 shares of the insurance provider’s stock valued at $922,000 after buying an additional 291 shares during the last quarter. Finally, National Asset Management Inc. raised its position in The Travelers Companies by 11.6% in the second quarter. National Asset Management Inc. now owns 2,069 shares of the insurance provider’s stock valued at $263,000 after buying an additional 215 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.
The Travelers Companies (NYSE TRV) opened at 129.05 on Friday. The company’s 50-day moving average price is $127.19 and its 200-day moving average price is $123.37. The Travelers Companies has a one year low of $103.45 and a one year high of $130.36. The firm has a market cap of $35.61 billion, a price-to-earnings ratio of 12.85 and a beta of 1.20.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the company posted $2.20 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that The Travelers Companies will post $8.90 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.72 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.23%. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.
The Travelers Companies declared that its Board of Directors has initiated a share repurchase plan on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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