The Travelers Companies, Inc. (NYSE:TRV) Given Average Rating of “Hold” by Analysts

Shares of The Travelers Companies, Inc. (NYSE:TRV) have earned an average recommendation of “Hold” from the nineteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $284.5556.

A number of equities analysts have issued reports on TRV shares. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Barclays lowered shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. UBS Group lifted their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Finally, Citigroup began coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price for the company.

Insider Activity at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its stake in Travelers Companies by 0.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 5,109 shares of the insurance provider’s stock worth $1,367,000 after purchasing an additional 41 shares during the last quarter. Milestones Private Investment Advisors LLC acquired a new stake in Travelers Companies during the 2nd quarter worth $385,000. Centaurus Financial Inc. boosted its stake in Travelers Companies by 2.2% during the 2nd quarter. Centaurus Financial Inc. now owns 2,184 shares of the insurance provider’s stock worth $584,000 after purchasing an additional 46 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Travelers Companies by 15.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 10,791 shares of the insurance provider’s stock worth $2,887,000 after purchasing an additional 1,484 shares during the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new stake in Travelers Companies during the 2nd quarter worth $207,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.2%

NYSE:TRV opened at $278.83 on Friday. Travelers Companies has a fifty-two week low of $224.62 and a fifty-two week high of $280.70. The stock has a market capitalization of $62.77 billion, a P/E ratio of 12.33, a P/E/G ratio of 3.21 and a beta of 0.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company’s 50-day simple moving average is $266.13 and its 200-day simple moving average is $263.38.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. Travelers Companies’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $2.51 EPS. On average, equities analysts anticipate that Travelers Companies will post 17.02 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, September 30th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s payout ratio is 19.46%.

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.