Brokerages Set The Travelers Companies, Inc. (NYSE:TRV) Price Target at $251.70

The Travelers Companies, Inc. (NYSE:TRV) has been assigned a consensus rating of “Hold” from the twenty-four research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $255.10.

TRV has been the topic of several analyst reports. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research report on Wednesday. UBS Group raised their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research note on Thursday, November 21st. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Finally, BMO Capital Markets upped their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock worth $20,295,856 over the last 90 days. 1.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently bought and sold shares of TRV. CWA Asset Management Group LLC lifted its stake in Travelers Companies by 25.2% in the fourth quarter. CWA Asset Management Group LLC now owns 2,367 shares of the insurance provider’s stock valued at $570,000 after buying an additional 476 shares during the last quarter. Pensionfund Sabic increased its holdings in shares of Travelers Companies by 21.1% in the 4th quarter. Pensionfund Sabic now owns 6,900 shares of the insurance provider’s stock valued at $1,662,000 after acquiring an additional 1,200 shares during the period. Nordea Investment Management AB boosted its stake in Travelers Companies by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 645,650 shares of the insurance provider’s stock worth $155,008,000 after purchasing an additional 86,928 shares during the period. GAMMA Investing LLC grew its position in Travelers Companies by 12.7% during the 4th quarter. GAMMA Investing LLC now owns 7,055 shares of the insurance provider’s stock worth $1,699,000 after purchasing an additional 797 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.5 %

Shares of NYSE:TRV opened at $242.89 on Monday. Travelers Companies has a 52-week low of $189.87 and a 52-week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $251.06 and a two-hundred day moving average of $234.38. The stock has a market cap of $55.14 billion, a P/E ratio of 12.46, a PEG ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. On average, research analysts expect that Travelers Companies will post 18.84 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were paid a dividend of $1.05 per share. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies’s payout ratio is 21.54%.

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.