The Travelers Companies, Inc. (NYSE:TRV) Receives $261.05 Average Price Target from Analysts

The Travelers Companies, Inc. (NYSE:TRV) has been given a consensus recommendation of “Hold” by the twenty-three brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $260.00.

Several equities analysts have recently issued reports on TRV shares. HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Monday. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays increased their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their target price for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $259.70 on Friday. The business has a fifty day moving average price of $248.83 and a two-hundred day moving average price of $247.37. The stock has a market capitalization of $58.88 billion, a PE ratio of 12.10, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $269.56.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.01 earnings per share. As a group, equities analysts predict that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.62%. Travelers Companies’s payout ratio is 19.56%.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in Travelers Companies by 8.7% during the third quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock valued at $3,982,000 after acquiring an additional 1,360 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of Travelers Companies by 61.1% in the 3rd quarter. Prospera Financial Services Inc now owns 4,729 shares of the insurance provider’s stock valued at $1,109,000 after purchasing an additional 1,794 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at about $84,000. Ontario Teachers Pension Plan Board acquired a new stake in Travelers Companies during the third quarter worth approximately $405,000. Finally, Cornerstone Advisors LLC increased its holdings in Travelers Companies by 46.0% in the third quarter. Cornerstone Advisors LLC now owns 9,200 shares of the insurance provider’s stock worth $2,154,000 after purchasing an additional 2,900 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

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.