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

The Travelers Companies, Inc. (NYSE:TRV) has earned an average rating of “Hold” from the twenty-two analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $263.37.

A number of analysts have issued reports on TRV shares. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. UBS Group cut their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Barclays reduced their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Monday, March 24th.

Institutional Trading of Travelers Companies

Several institutional investors have recently bought and sold shares of the business. Sapient Capital LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at approximately $207,000. GPS Wealth Strategies Group LLC lifted its holdings in Travelers Companies by 12.7% during the first quarter. GPS Wealth Strategies Group LLC now owns 692 shares of the insurance provider’s stock valued at $183,000 after purchasing an additional 78 shares in the last quarter. Simon Quick Advisors LLC grew its position in shares of Travelers Companies by 65.7% in the first quarter. Simon Quick Advisors LLC now owns 2,570 shares of the insurance provider’s stock valued at $680,000 after purchasing an additional 1,019 shares during the period. Exchange Bank purchased a new stake in shares of Travelers Companies during the first quarter worth about $204,000. Finally, Assenagon Asset Management S.A. lifted its stake in Travelers Companies by 91.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 492,590 shares of the insurance provider’s stock valued at $130,270,000 after buying an additional 235,543 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Down 0.5 %

NYSE:TRV opened at $249.52 on Wednesday. The company has a market cap of $56.57 billion, a PE ratio of 11.62, a PEG ratio of 4.65 and a beta of 0.48. The stock has a 50-day simple moving average of $251.72 and a 200 day simple moving average of $249.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 52-week low of $200.21 and a 52-week high of $269.56.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the company earned $7.01 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts expect that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

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.