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

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been assigned a consensus rating of “Hold” from the twenty-one research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $271.11.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a report on Tuesday, April 8th. UBS Group cut their target price on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the company an “outperform” rating in a research report on Wednesday, May 28th. Finally, Jefferies Financial Group boosted their target price on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, April 11th.

Travelers Companies Stock Performance

Shares of TRV stock opened at $261.20 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $277.83. The business’s 50-day moving average price is $262.99 and its 200-day moving average price is $254.22. The firm has a market capitalization of $58.99 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.97 billion. During the same period last year, the company earned $4.69 earnings per share. Equities research analysts forecast that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies’s payout ratio is currently 23.95%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the transaction, the executive vice president now owns 118,116 shares in the company, valued at approximately $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the sale, the chief executive officer now owns 262,329 shares of the company’s stock, valued at approximately $71,820,433.62. This trade represents a 11.91% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,869 shares of company stock valued at $44,868,201. Corporate insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Yoffe Investment Management LLC bought a new position in Travelers Companies in the fourth quarter worth $1,202,000. Elevate Capital Advisors LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $4,627,000. Erste Asset Management GmbH boosted its holdings in shares of Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after acquiring an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Travelers Companies by 43.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock worth $38,343,000 after purchasing an additional 47,985 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in Travelers Companies by 16.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock valued at $5,122,000 after acquiring an additional 3,046 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.