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

The Travelers Companies, Inc. (NYSE:TRV) has been given a consensus rating of “Hold” by the nineteen brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $303.00.

TRV has been the subject of a number of research analyst reports. Roth Mkm increased their price target on Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group upgraded shares of Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Barclays dropped their price objective on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a report on Thursday, January 8th. Morgan Stanley increased their price target on shares of Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Finally, The Goldman Sachs Group downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price target for the company. in a report on Wednesday, January 7th.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 10,400 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the transaction, the executive vice president owned 117,596 shares in the company, valued at $35,366,997. This trade represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $10,131,092.84. The trade was a 22.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 105,568 shares of company stock valued at $30,974,602 in the last three months. 1.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of TRV. Brighton Jones LLC boosted its position in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after buying an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $276,000. waypoint wealth counsel bought a new stake in Travelers Companies in the second quarter valued at $202,000. Concurrent Investment Advisors LLC grew its holdings in Travelers Companies by 11.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,927 shares of the insurance provider’s stock worth $1,586,000 after buying an additional 622 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Travelers Companies by 21.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,242 shares of the insurance provider’s stock valued at $10,512,000 after acquiring an additional 6,968 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Down 2.9%

Shares of NYSE TRV opened at $292.78 on Tuesday. The company’s 50-day simple moving average is $284.87 and its 200-day simple moving average is $278.21. Travelers Companies has a 52-week low of $230.43 and a 52-week high of $304.40. The firm has a market cap of $65.31 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 2.81 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. During the same period in the previous year, the company posted $9.15 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. Equities analysts predict that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is 15.98%.

Travelers Companies announced that its board has initiated a share buyback plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.