The Travelers Companies’s “Buy” Rating Reaffirmed at TheStreet (TRV)
“Travelers Companies (TRV) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
,” the firm’s analyst wrote.
Shares of The Travelers Companies traded up 0.03% during mid-day trading on Monday, hitting $81.025. The Travelers Companies has a one year low of $55.86 and a one year high of $82.00. The stock’s 50-day moving average is currently $78.97. The company has a market cap of $30.624 billion and a P/E ratio of 12.87.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Stockholders 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.
TRV has been the subject of a number of other recent research reports. 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. Separately, analysts at Deutsche Bank reiterated a hold rating on shares of The Travelers Companies in a research note to investors on Wednesday, February 6th. Finally, analysts at UBS AG raised their EPS on shares of The Travelers Companies in a research note to investors on Tuesday, January 29th. They now have a buy rating and a $85.00 price target on the stock. They previously had a $80.00 price target on the stock.
Twelve equities research analysts have rated the stock with a buy rating, and twelve have issued a hold rating to the stock. The Travelers Companies currently has an average rating of overweight and a consensus target price of $83.31.
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