Travelers Companies Inc (TRV) Given Consensus Rating of “Hold” by Brokerages
Travelers Companies Inc (NYSE:TRV) has earned a consensus rating of “Hold” from the twenty research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $134.71.
Several brokerages have issued reports on TRV. Goldman Sachs Group began coverage on shares of Travelers Companies in a research report on Monday, December 4th. They issued a “sell” rating and a $124.00 price target for the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $152.00 price target on shares of Travelers Companies in a research report on Wednesday, December 6th. Royal Bank of Canada restated a “buy” rating and issued a $148.00 price target on shares of Travelers Companies in a research report on Friday, December 8th. B. Riley restated a “neutral” rating on shares of Travelers Companies in a research report on Monday, November 6th. Finally, Argus upped their price target on shares of Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call.
Travelers Companies (NYSE TRV) opened at $134.73 on Friday. The stock has a market cap of $36,880.00, a P/E ratio of 15.59, a P/E/G ratio of 1.81 and a beta of 1.25. Travelers Companies has a 12-month low of $113.76 and a 12-month high of $137.95. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the company earned $2.40 earnings per share. Travelers Companies’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts anticipate that Travelers Companies will post 6.64 earnings per share for the current year.
Travelers Companies announced that its board has approved a share buyback plan on Thursday, November 9th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 11th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Friday, December 8th. Travelers Companies’s dividend payout ratio is currently 33.33%.
In related news, EVP Michael Frederick Klein sold 20,077 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the transaction, the executive vice president now directly owns 21,619 shares of the company’s stock, valued at $2,825,170.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 33,225 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total transaction of $4,458,130.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,302 shares of company stock worth $7,347,753. Insiders own 0.82% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of TRV. Cambridge Investment Research Advisors Inc. bought a new position in Travelers Companies during the second quarter worth $5,494,000. Girard Partners LTD. boosted its stake in Travelers Companies by 2.7% during the second quarter. Girard Partners LTD. now owns 44,330 shares of the insurance provider’s stock worth $5,609,000 after acquiring an additional 1,161 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Travelers Companies during the second quarter worth $2,265,000. Capital Analysts LLC bought a new position in Travelers Companies during the second quarter worth $3,040,000. Finally, BSW Wealth Partners boosted its stake in Travelers Companies by 2.2% during the second quarter. BSW Wealth Partners now owns 7,012 shares of the insurance provider’s stock worth $887,000 after acquiring an additional 148 shares in the last quarter. 78.49% of the stock is currently owned by institutional investors and hedge funds.
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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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