The Travelers Cos. (NYSE:TRV) Receives $115.88 Consensus Target Price from Analysts
The Travelers Cos. (NYSE:TRV) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $115.11.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised The Travelers Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. BMO Capital Markets reissued a “market perform” rating and set a $120.00 target price (up from $117.00) on shares of The Travelers Cos. in a research note on Tuesday, July 12th. RBC Capital Markets reissued an “outperform” rating and set a $125.00 target price (up from $120.00) on shares of The Travelers Cos. in a research note on Sunday, July 24th. Credit Suisse Group AG reissued a “hold” rating and set a $111.00 target price on shares of The Travelers Cos. in a research note on Tuesday, August 23rd. Finally, Royal Bank Of Canada increased their target price on The Travelers Cos. from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, July 22nd.
In other news, COO Brian W. Maclean sold 38,507 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $116.85, for a total transaction of $4,499,542.95. Following the sale, the chief operating officer now owns 145,001 shares in the company, valued at $16,943,366.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andy F. Bessette sold 8,554 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $117.58, for a total value of $1,005,779.32. Following the sale, the executive vice president now owns 14,659 shares in the company, valued at approximately $1,723,605.22. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.
Several large investors have recently bought and sold shares of TRV. Global X Management Co. LLC boosted its stake in The Travelers Cos. by 86.8% in the second quarter. Global X Management Co. LLC now owns 977 shares of the company’s stock valued at $116,000 after buying an additional 454 shares during the period. Mycio Wealth Partners LLC boosted its position in shares of The Travelers Cos. by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,062 shares of the company’s stock worth $126,000 after buying an additional 25 shares during the last quarter. Ledyard National Bank boosted its position in shares of The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock worth $130,000 after buying an additional 56 shares during the last quarter. Krilogy Financial LLC boosted its position in shares of The Travelers Cos. by 3.8% in the second quarter. Krilogy Financial LLC now owns 1,128 shares of the company’s stock worth $134,000 after buying an additional 41 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its position in shares of The Travelers Cos. by 53.4% in the second quarter. Valley National Advisers Inc. now owns 1,227 shares of the company’s stock worth $146,000 after buying an additional 427 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.
The Travelers Cos. (NYSE:TRV) opened at 114.55 on Friday. The firm has a market cap of $33.02 billion, a price-to-earnings ratio of 11.03 and a beta of 1.07. The Travelers Cos. has a 1-year low of $100.48 and a 1-year high of $119.32. The firm’s 50-day moving average price is $116.49 and its 200-day moving average price is $115.16.
The Travelers Cos. (NYSE:TRV) last issued its earnings results on Thursday, July 21st. The company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.05. The business earned $6.79 billion during the quarter, compared to the consensus estimate of $6.37 billion. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.52 EPS. On average, equities research analysts anticipate that The Travelers Cos. will post $9.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Wednesday, September 7th. The Travelers Cos.’s dividend payout ratio (DPR) is 25.92%.
About The Travelers Cos.
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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