Analysts Set The Travelers Companies, Inc. (NYSE:TRV) PT at $124.18
Shares of The Travelers Companies, Inc. (NYSE:TRV) have been given an average recommendation of “Hold” by the seventeen research firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $124.18.
Several equities analysts recently commented on TRV shares. Argus raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Monday, April 24th. Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and increased their target price for the company from $120.62 to $129.44 in a report on Monday, June 19th. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price on the stock in a report on Tuesday, June 27th. Citigroup Inc. increased their target price on shares of The Travelers Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Friday, April 7th. Finally, BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th.
The Travelers Companies (NYSE:TRV) traded up 0.41% during mid-day trading on Friday, hitting $125.66. 298,284 shares of the company’s stock were exchanged. The stock has a market cap of $34.68 billion, a PE ratio of 12.51 and a beta of 1.20. The Travelers Companies has a 12 month low of $103.45 and a 12 month high of $129.60. The stock’s 50 day moving average price is $126.44 and its 200-day moving average price is $122.05.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the company earned $2.20 EPS. The Travelers Companies’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts expect that The Travelers Companies will post $9.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.30%. The Travelers Companies’s payout ratio is currently 28.77%.
The Travelers Companies announced that its Board of Directors has authorized a stock buyback plan on Thursday, April 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other The Travelers Companies news, EVP Andy F. Bessette sold 9,379 shares of the stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $121.60, for a total transaction of $1,140,486.40. Following the completion of the sale, the executive vice president now owns 14,420 shares of the company’s stock, valued at approximately $1,753,472. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John P. Clifford, Jr. sold 5,500 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $120.92, for a total transaction of $665,060.00. The disclosure for this sale can be found here. Insiders have sold a total of 86,377 shares of company stock valued at $10,765,171 in the last three months. 0.82% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Rosenbaum Jay D. boosted its stake in The Travelers Companies by 12.0% in the first quarter. Rosenbaum Jay D. now owns 5,025 shares of the insurance provider’s stock valued at $605,000 after buying an additional 540 shares in the last quarter. Cohen Lawrence B boosted its stake in The Travelers Companies by 26.1% in the first quarter. Cohen Lawrence B now owns 4,540 shares of the insurance provider’s stock valued at $547,000 after buying an additional 940 shares in the last quarter. McQueen Ball & Associates Inc. boosted its stake in The Travelers Companies by 2.7% in the first quarter. McQueen Ball & Associates Inc. now owns 17,948 shares of the insurance provider’s stock valued at $2,163,000 after buying an additional 466 shares in the last quarter. Searle & CO. boosted its stake in The Travelers Companies by 7.3% in the fourth quarter. Searle & CO. now owns 2,941 shares of the insurance provider’s stock valued at $360,000 after buying an additional 200 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in The Travelers Companies during the fourth quarter valued at approximately $1,126,000. 77.87% of the stock is owned by hedge funds and other institutional investors.
The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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