The Travelers Companies, Inc. (NYSE:TRV) Receives $263.37 Consensus Price Target from Analysts

Shares of The Travelers Companies, Inc. (NYSE:TRV) have received a consensus rating of “Hold” from the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $267.32.

Several analysts have commented on TRV shares. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Wells Fargo & Company increased their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a research report on Thursday. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, Barclays dropped their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th.

Institutional Trading of Travelers Companies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ameriflex Group Inc. acquired a new stake in Travelers Companies during the 4th quarter worth $26,000. Putney Financial Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth about $26,000. YANKCOM Partnership acquired a new position in Travelers Companies during the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda purchased a new stake in Travelers Companies during the 4th quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in Travelers Companies in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.4 %

Shares of NYSE:TRV opened at $256.05 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50 day simple moving average of $252.42 and a two-hundred day simple moving average of $249.58. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.56. The firm has a market capitalization of $58.05 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. During the same quarter in the prior year, the firm earned $4.69 earnings per share. On average, equities analysts predict that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio is presently 23.95%.

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.