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

The Travelers Companies, Inc. (NYSE:TRV) has earned a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $223.78.

A number of research analysts recently weighed in on TRV shares. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Bank of America boosted their price objective on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. UBS Group lowered their target price on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Morgan Stanley decreased their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, Keefe, Bruyette & Woods dropped their price objective on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th.

Travelers Companies Price Performance

NYSE TRV opened at $216.43 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $49.33 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.10 and a beta of 0.61. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a 50 day moving average price of $209.78 and a two-hundred day moving average price of $215.25.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same period in the previous year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts predict that Travelers Companies will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 yield of 1.94%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is 31.20%.

Insider Activity

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

Institutional Investors Weigh In On Travelers Companies

Hedge funds have recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in Travelers Companies during the second quarter worth about $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC raised its position in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. Northwest Financial Advisors acquired a new position in Travelers Companies in the fourth quarter worth $32,000. Finally, Opal Wealth Advisors LLC acquired a new position in Travelers Companies in the first quarter worth $42,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Company Profile

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.