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

The Travelers Companies, Inc. (NYSE:TRV) has received an average recommendation of “Hold” from the nineteen research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $292.7333.

Several research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Barclays set a $313.00 target price on Travelers Companies in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $294.44 on Thursday. The company has a market cap of $65.68 billion, a PE ratio of 11.58, a P/E/G ratio of 2.38 and a beta of 0.55. Travelers Companies has a fifty-two week low of $230.23 and a fifty-two week high of $296.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The business has a 50-day simple moving average of $277.51 and a two-hundred day simple moving average of $270.87.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the previous year, the firm posted $5.24 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities analysts expect that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. This trade represents a 48.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,803 shares of Travelers Companies stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $289.55, for a total value of $522,058.65. Following the completion of the transaction, the insider owned 255,086 shares in the company, valued at $73,860,151.30. The trade was a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,375 shares of company stock worth $10,374,006 over the last ninety days. 1.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelers Companies

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Travelers Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after acquiring an additional 313,449 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Travelers Companies by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after buying an additional 119,481 shares during the period. Geode Capital Management LLC boosted its position in shares of Travelers Companies by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after purchasing an additional 54,363 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Travelers Companies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock worth $899,988,000 after acquiring an additional 25,573 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.