The Travelers Companies, Inc. (NYSE:TRV) Receives $251.70 Average PT from Analysts

The Travelers Companies, Inc. (NYSE:TRV) has been given a consensus rating of “Hold” by the twenty-four research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, five have given a buy recommendation and two have given a strong 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 $251.70.

TRV has been the topic of a number of analyst reports. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Tuesday, December 10th. Jefferies Financial Group raised their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada upped their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. Finally, Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th.

Insiders Place Their Bets

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of large investors have recently made changes to their positions in TRV. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies during the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC boosted its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new stake in Travelers Companies in the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies in the 3rd quarter valued at $50,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $246.30 on Thursday. The company has a market cap of $55.92 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.16 and a beta of 0.63. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a 52 week low of $181.03 and a 52 week high of $269.55. The company has a fifty day simple moving average of $253.03 and a two-hundred day simple moving average of $230.40.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

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.