Analysts Set The Travelers Companies, Inc. (NYSE:TRV) PT at $291.31

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been given an average recommendation of “Hold” by the twenty research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, six have assigned a buy recommendation and two have assigned 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 $291.3125.

A number of equities research analysts recently commented on the company. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Wolfe Research started coverage on Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Morgan Stanley raised their target price on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $276.21 on Friday. The firm has a market cap of $61.61 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 2.38 and a beta of 0.55. The firm has a fifty day moving average price of $274.07 and a 200 day moving average price of $268.53. Travelers Companies has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $11.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the previous year, the company earned $5.24 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s payout ratio is 17.30%.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the sale, the executive vice president directly owned 33,638 shares in the company, valued at $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The SEC filing for this sale provides additional information. 1.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

Several large investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its stake in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after buying an additional 84 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies in the first quarter valued at $26,000. Osterweis Capital Management Inc. lifted its holdings in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the last quarter. Missouri Trust & Investment Co boosted its stake in shares of Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the 2nd quarter worth about $27,000. Institutional investors own 82.45% of the company’s stock.

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.