Shares of Travelers Companies Inc (NYSE:TRV) have been assigned an average rating of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $137.73.
A number of brokerages have commented on TRV. UBS Group upped their price objective on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Compass Point began coverage on Travelers Companies in a report on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price objective on the stock. Barclays raised Travelers Companies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $135.00 to $145.00 in a report on Wednesday, January 9th. Zacks Investment Research reaffirmed a “sell” rating on shares of Travelers Companies in a report on Monday, December 31st. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $141.00 price objective on shares of Travelers Companies in a report on Thursday, December 20th.
In related news, CEO Alan D. Schnitzer sold 66,228 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the completion of the sale, the chief executive officer now directly owns 134,252 shares in the company, valued at approximately $17,750,799.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregory C. Toczydlowski sold 4,450 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $132.57, for a total value of $589,936.50. Following the sale, the executive vice president now owns 13,219 shares of the company’s stock, valued at $1,752,442.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,894 shares of company stock worth $15,566,097. 0.80% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in TRV. Oregon Public Employees Retirement Fund lifted its position in shares of Travelers Companies by 11,730.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after buying an additional 3,495,996 shares during the last quarter. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter worth $143,417,000. Eidelman Virant Capital bought a new stake in shares of Travelers Companies during the 4th quarter worth $3,855,000. American Century Companies Inc. lifted its position in shares of Travelers Companies by 253.6% during the 4th quarter. American Century Companies Inc. now owns 1,082,948 shares of the insurance provider’s stock worth $129,683,000 after buying an additional 776,679 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of Travelers Companies by 81.5% during the 3rd quarter. Federated Investors Inc. PA now owns 1,118,357 shares of the insurance provider’s stock worth $145,062,000 after buying an additional 502,287 shares during the last quarter. Institutional investors and hedge funds own 80.29% of the company’s stock.
NYSE TRV traded down $0.93 on Monday, reaching $136.79. The stock had a trading volume of 707,680 shares, compared to its average volume of 1,393,619. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies has a 1-year low of $111.08 and a 1-year high of $138.99. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.05 and a beta of 1.07.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.15. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the firm posted $2.28 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts anticipate that Travelers Companies will post 11.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is currently 34.45%.
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.
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