The Travelers Companies, Inc. (NYSE:TRV) Receives $223.47 Consensus Price Target from Brokerages

The Travelers Companies, Inc. (NYSE:TRV) has earned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $223.47.

A number of brokerages have commented on TRV. Jefferies Financial Group dropped their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. The Goldman Sachs Group increased their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. UBS Group decreased their price objective on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Finally, Roth Mkm reissued a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th.

Travelers Companies Stock Down 0.2 %

TRV stock opened at $213.89 on Wednesday. The stock has a market capitalization of $48.98 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.11 and a beta of 0.60. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The firm has a 50-day simple moving average of $220.96 and a 200-day simple moving average of $199.82. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.11 earnings per share. Equities analysts forecast that Travelers Companies will post 17.74 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is 29.72%.

Insiders Place Their Bets

In related news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $12,057,727 over the last ninety days. 1.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. Wealth Quarterback LLC increased its position in Travelers Companies by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock worth $825,000 after buying an additional 49 shares during the period. Kapitalo Investimentos Ltda increased its position in Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after buying an additional 49 shares during the period. Massmutual Trust Co. FSB ADV increased its position in Travelers Companies by 9.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after buying an additional 50 shares during the period. Norwood Financial Corp increased its position in Travelers Companies by 16.1% in the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after buying an additional 50 shares during the period. Finally, Grimes & Company Inc. increased its position in Travelers Companies by 2.2% in the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after buying an additional 53 shares during the period. 82.45% of the stock is currently owned by hedge funds and other 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.