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

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $223.47.

A number of equities analysts have recently weighed in on TRV shares. Morgan Stanley boosted their price target on Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Raymond James boosted their price target on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada dropped their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th.

Insider Transactions at Travelers Companies

In other news, EVP David Donnay Rowland sold 10,181 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $214.00, for a total value of $2,178,734.00. Following the completion of the sale, the executive vice president now owns 7,865 shares of the company’s stock, valued at $1,683,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP David Donnay Rowland sold 10,181 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $214.00, for a total value of $2,178,734.00. Following the completion of the sale, the executive vice president now owns 7,865 shares of the company’s stock, valued at $1,683,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. Insiders sold 67,681 shares of company stock valued at $14,427,504 over the last quarter. Company insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Quarterback LLC raised its stake in Travelers Companies by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after buying an additional 49 shares in the last quarter. Kapitalo Investimentos Ltda raised its stake in Travelers Companies by 24.1% during the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after buying an additional 49 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Travelers Companies by 9.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after buying an additional 50 shares in the last quarter. Norwood Financial Corp raised its stake in Travelers Companies by 16.1% during the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after buying an additional 50 shares in the last quarter. Finally, Grimes & Company Inc. raised its stake in Travelers Companies by 2.2% during the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $212.18 on Wednesday. The stock has a fifty day moving average price of $221.25 and a 200 day moving average price of $199.62. The stock has a market cap of $48.59 billion, a PE ratio of 15.76, a P/E/G ratio of 1.11 and a beta of 0.58. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm 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 for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.11 earnings per share. Sell-side analysts forecast that Travelers Companies will post 17.74 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.98%. Travelers Companies’s dividend payout ratio is presently 29.72%.

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.