The Travelers Companies Rating Reiterated by Sanford C. Bernstein (TRV)
The Travelers Companies (NYSE: TRV)‘s stock had its “market perform” rating reaffirmed by Sanford C. Bernstein in a research note issued on Tuesday. They currently have a $77.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of The Travelers Companies in a research note to investors on Monday. Separately, analysts at Zacks upgraded shares of The Travelers Companies from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, February 18th. They now have a $96.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Travelers Companies in a research note to investors on Wednesday, February 6th.
Twelve equities research analysts have rated the stock with a buy rating, and twelve have assigned a hold rating to the stock. The stock presently has an average rating of “overweight” and a consensus price target of $83.31.
Shares of The Travelers Companies remained flat at $80.52 during during mid-day trading trading on Tuesday. The Travelers Companies has a 52 week low of $55.86 and a 52 week high of $81.25. The stock’s 50-day moving average is currently $78.78. The company has a market cap of $30.433 billion and a P/E ratio of 12.79.
The Travelers Companies last announced its earnings results on Tuesday, January 22nd. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.58. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that The Travelers Companies will post $7.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Investors of record on Friday, March 8th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Wednesday, March 6th.
The Travelers Companies, Inc. (TRV) 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.
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