The Travelers Companies, Inc. (NYSE:TRV) Receives $251.70 Average Price Target from Brokerages

The Travelers Companies, Inc. (NYSE:TRV) has earned a consensus rating of “Hold” from the twenty-four research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $251.70.

Several equities research analysts have commented on TRV shares. Royal Bank of Canada upped their price target on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Bank of America increased their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company reissued an “underweight” rating and issued a $217.00 price objective (down previously from $256.00) on shares of Travelers Companies in a research report on Wednesday. Finally, BMO Capital Markets lifted their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd.

Travelers Companies Price Performance

Travelers Companies stock opened at $246.30 on Thursday. Travelers Companies has a 1 year low of $181.03 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a 50 day moving average price of $253.03 and a 200 day moving average price of $230.40. The company has a market cap of $55.92 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.16 and a beta of 0.63.

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 the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.95 EPS. Sell-side analysts predict that Travelers Companies will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is currently 21.54%.

Insider Buying and Selling

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies during the second quarter worth $25,000. Wolff Wiese Magana LLC grew its position in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new stake in Travelers Companies during the third quarter worth about $41,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the third quarter worth about $50,000. Finally, Salomon & Ludwin LLC boosted its stake in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds 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.