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

Shares of The Travelers Companies, Inc. (NYSE:TRV) have earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $255.10.

A number of equities research analysts have weighed in on the company. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $217.00 price objective (down previously from $256.00) on shares of Travelers Companies in a report on Wednesday, December 11th. 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 report on Friday, October 18th. Jefferies Financial Group raised their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, Piper Sandler reduced their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research note on Monday.

Insider Activity at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TRV. Y.D. More Investments Ltd purchased a new stake in Travelers Companies during the second quarter valued at about $25,000. Wolff Wiese Magana LLC lifted its stake in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter worth about $50,000. Finally, Versant Capital Management Inc increased its position in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Travelers Companies stock opened at $242.89 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The business has a 50 day simple moving average of $251.06 and a 200-day simple moving average of $234.38. Travelers Companies has a 12 month low of $189.87 and a 12 month high of $269.55. The stock has a market capitalization of $55.14 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its 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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the business earned $1.95 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Equities analysts predict that Travelers Companies will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 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.