The Travelers Companies, Inc. (NYSE:TRV) Receives Average Rating of “Hold” from Analysts

The Travelers Companies, Inc. (NYSE:TRV) has earned an average rating of “Hold” from the nineteen brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $223.47.

Several equities research analysts have recently commented on TRV shares. Jefferies Financial Group decreased their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. Raymond James increased their price target on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. The Goldman Sachs Group raised their price objective on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. UBS Group cut their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Finally, Citigroup lifted their target price on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th.

Travelers Companies Price Performance

TRV stock opened at $216.97 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75. The stock has a market cap of $49.68 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 1.11 and a beta of 0.60. The company has a 50 day simple moving average of $220.64 and a 200 day simple moving average of $201.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the previous year, the business posted $4.11 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. Research analysts anticipate that Travelers Companies will post 17.71 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.94%. Travelers Companies’s dividend payout ratio is presently 29.72%.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,635 shares of company stock worth $3,980,827. Corporate insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. grew its position in Travelers Companies by 1.5% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock valued at $18,217,000 after buying an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of Travelers Companies by 124.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after purchasing an additional 7,649 shares during the last quarter. Worth Asset Management LLC bought a new position in Travelers Companies in the 4th quarter worth about $2,201,000. Nordea Investment Management AB increased its position in shares of Travelers Companies by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after acquiring an additional 16,580 shares during the period. Finally, DNB Asset Management AS raised its position in Travelers Companies by 53.5% during the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after purchasing an additional 24,230 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.