The Travelers Companies, Inc. (TRV) Given Consensus Recommendation of “Hold” by Analysts
Shares of The Travelers Companies, Inc. (NYSE:TRV) have been assigned a consensus rating of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $124.70.
A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $115.00 target price on shares of The Travelers Companies in a report on Thursday, May 25th. BidaskClub lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday, July 24th. MKM Partners restated a “neutral” rating and issued a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Barclays PLC boosted their price target on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $126.00 price target on shares of The Travelers Companies in a research report on Monday, May 22nd.
The Travelers Companies (NYSE TRV) traded down 0.23% during mid-day trading on Tuesday, reaching $127.89. 1,246,905 shares of the company were exchanged. The Travelers Companies has a 12-month low of $103.45 and a 12-month high of $130.37. The stock has a market capitalization of $35.29 billion, a price-to-earnings ratio of 12.74 and a beta of 1.20. The company’s 50 day moving average price is $127.26 and its 200-day moving average price is $123.45.
The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share 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 business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that The Travelers Companies will post $8.90 earnings per share for the current fiscal year.
The Travelers Companies declared that its board has authorized a stock buyback program on Thursday, April 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.25%. The Travelers Companies’s payout ratio is 28.77%.
In other The Travelers Companies news, EVP Maria Olivo sold 8,186 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $124.84, for a total transaction of $1,021,940.24. Following the transaction, the executive vice president now owns 88,697 shares in the company, valued at $11,072,933.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 7,000 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total transaction of $864,360.00. Following the transaction, the insider now owns 246,744 shares in the company, valued at approximately $30,467,949.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 194,303 shares of company stock worth $24,702,936. Corporate insiders own 0.82% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. American Economic Planning Group Inc. ADV raised its stake in The Travelers Companies by 0.6% in the first quarter. American Economic Planning Group Inc. ADV now owns 2,529 shares of the insurance provider’s stock valued at $305,000 after buying an additional 15 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in The Travelers Companies during the first quarter valued at about $1,760,000. Ledyard National Bank raised its stake in The Travelers Companies by 195.0% in the first quarter. Ledyard National Bank now owns 3,213 shares of the insurance provider’s stock valued at $387,000 after buying an additional 2,124 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in The Travelers Companies by 3.9% in the first quarter. Nisa Investment Advisors LLC now owns 146,578 shares of the insurance provider’s stock valued at $17,669,000 after buying an additional 5,515 shares during the last quarter. Finally, Boston Advisors LLC raised its stake in The Travelers Companies by 2.3% in the first quarter. Boston Advisors LLC now owns 2,949 shares of the insurance provider’s stock valued at $355,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.
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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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