The Travelers Companies, Inc. (NYSE:TRV) Receives $227.05 Consensus PT from Brokerages

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been given an average recommendation of “Hold” by the twenty-two analysts 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 given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $227.05.

Several brokerages have issued reports on TRV. Barclays began coverage on shares of Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price on the stock. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $252.00 to $230.00 in a report on Monday, July 15th. Bank of America upped their target price on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Piper Sandler decreased their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’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 value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRV. JPMorgan Chase & Co. boosted its position in Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Travelers Companies by 356.4% during the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after buying an additional 678,241 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Travelers Companies during the first quarter valued at $88,190,000. Point72 Asset Management L.P. increased its holdings in Travelers Companies by 6,167.2% in the fourth quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock valued at $63,596,000 after buying an additional 328,527 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after acquiring an additional 230,612 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Travelers Companies stock opened at $234.12 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $53.36 billion, a PE ratio of 17.39, a P/E/G ratio of 1.24 and a beta of 0.62. The company has a 50 day moving average price of $224.19 and a 200-day moving average price of $218.22. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $243.48.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a $1.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.79%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

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.