The Travelers Companies, Inc. (NYSE:TRV) Receives $223.78 Consensus Price Target from Brokerages

The Travelers Companies, Inc. (NYSE:TRV) has been given a consensus recommendation of “Hold” by the twenty-two research firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $227.05.

Several equities analysts have commented on TRV shares. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. Citigroup raised their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Piper Sandler decreased their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Barclays began coverage on Travelers Companies in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective on the stock. Finally, Bank of America raised their target price on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd.

Travelers Companies Stock Up 2.8 %

TRV opened at $241.10 on Tuesday. The company has a market cap of $54.95 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.22 and a beta of 0.62. The company has a 50-day moving average price of $215.54 and a 200 day moving average price of $216.41. Travelers Companies has a twelve month low of $157.33 and a twelve month high of $242.89. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share. Sell-side analysts expect that Travelers Companies will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Johnson Investment Counsel Inc. grew its position in Travelers Companies by 29.0% during the 4th quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock worth $879,000 after purchasing an additional 1,037 shares in the last quarter. Nordea Investment Management AB raised its position in Travelers Companies by 38.7% during the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after buying an additional 95,451 shares during the period. Focus Financial Network Inc. ADV purchased a new stake in Travelers Companies in the 4th quarter worth about $1,973,000. Cetera Investment Advisers boosted its position in Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after acquiring an additional 35,560 shares during the period. Finally, Wellington Management Group LLP grew its stake in Travelers Companies by 100.9% during the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after acquiring an additional 25,575 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Company Profile

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.