Travelers Companies Inc (TRV) Receives Consensus Rating of “Hold” from Analysts

Travelers Companies Inc (NYSE:TRV) has been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $139.50.

Several research analysts have recently weighed in on TRV shares. Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price target on the stock in a research report on Tuesday, March 26th. Compass Point started coverage on shares of Travelers Companies in a research report on Tuesday, January 15th. They set a “buy” rating and a $155.00 price target on the stock. Wells Fargo & Co set a $130.00 price target on shares of Travelers Companies and gave the company a “hold” rating in a research report on Wednesday, January 23rd. Royal Bank of Canada set a $145.00 price target on shares of Travelers Companies and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, MKM Partners boosted their price target on shares of Travelers Companies to $140.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd.

Shares of Travelers Companies stock traded up $2.13 during trading hours on Friday, reaching $143.96. 967,387 shares of the company’s stock were exchanged, compared to its average volume of 1,352,801. Travelers Companies has a 1 year low of $111.08 and a 1 year high of $144.22. The firm has a market capitalization of $37.57 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.30 and a beta of 1.08. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.07. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.94 billion. During the same quarter in the prior year, the firm earned $2.46 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts anticipate that Travelers Companies will post 11.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $0.82 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date is Friday, June 7th. This represents a $3.28 annualized dividend and a dividend yield of 2.28%. Travelers Companies’s payout ratio is presently 34.45%.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 57,800 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $143.50, for a total value of $8,294,300.00. Following the transaction, the insider now owns 143,666 shares of the company’s stock, valued at $20,616,071. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregory C. Toczydlowski sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $143.02, for a total transaction of $3,575,500.00. Following the completion of the transaction, the executive vice president now directly owns 38,219 shares in the company, valued at approximately $5,466,081.38. The disclosure for this sale can be found here. Insiders sold 299,931 shares of company stock worth $41,245,380 in the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRV. Martingale Asset Management L P lifted its position in shares of Travelers Companies by 0.7% during the third quarter. Martingale Asset Management L P now owns 260,826 shares of the insurance provider’s stock worth $33,833,000 after purchasing an additional 1,800 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Travelers Companies by 4.6% during the third quarter. Nordea Investment Management AB now owns 207,049 shares of the insurance provider’s stock worth $26,858,000 after purchasing an additional 9,124 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Travelers Companies by 3.0% during the third quarter. Legal & General Group Plc now owns 1,497,766 shares of the insurance provider’s stock worth $194,218,000 after purchasing an additional 42,949 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of Travelers Companies by 19.6% during the third quarter. Great Lakes Advisors LLC now owns 7,035 shares of the insurance provider’s stock worth $913,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of Travelers Companies by 81.5% during the third quarter. Federated Investors Inc. PA now owns 1,118,357 shares of the insurance provider’s stock worth $145,062,000 after purchasing an additional 502,287 shares in the last quarter. 80.52% of the stock is currently owned by institutional investors.

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.

Further Reading: Straddles

Analyst Recommendations for Travelers Companies (NYSE:TRV)

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