The Travelers Cos. (TRV) Given Underperform Rating at William Blair
The Travelers Cos. (NYSE:TRV)‘s stock had its “underperform” rating reiterated by analysts at William Blair in a research note issued to investors on Thursday.
A number of other brokerages have also recently commented on TRV. Royal Bank Of Canada upped their target price on shares of The Travelers Cos. from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, July 22nd. Credit Suisse Group AG set a $111.00 target price on shares of The Travelers Cos. and gave the company a “hold” rating in a report on Monday, September 12th. Citigroup Inc. upped their target price on shares of The Travelers Cos. from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Tuesday, October 11th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $125.00 target price (up from $120.00) on shares of The Travelers Cos. in a report on Sunday, July 24th. Finally, Zacks Investment Research raised shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $117.64.
The Travelers Cos. (NYSE:TRV) traded down 0.21% during midday trading on Thursday, reaching $111.12. The company had a trading volume of 257,188 shares. The Travelers Cos. has a 1-year low of $101.23 and a 1-year high of $119.32. The stock has a market capitalization of $31.56 billion, a PE ratio of 11.27 and a beta of 1.03. The firm’s 50 day moving average is $111.05 and its 200 day moving average is $114.25.
The Travelers Cos. (NYSE:TRV) last released its quarterly earnings data on Thursday, October 20th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.13. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The company earned $6.96 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The Travelers Cos.’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Cos. will post $9.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Wednesday, December 7th. The Travelers Cos.’s dividend payout ratio is currently 27.29%.
In other The Travelers Cos. news, Director Philip T. Ruegger III bought 2,000 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were acquired at an average price of $107.19 per share, with a total value of $214,380.00. Following the purchase, the director now owns 22,443 shares in the company, valued at approximately $2,405,665.17. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 4,246 shares of the firm’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $118.98, for a total transaction of $505,189.08. Following the completion of the transaction, the insider now directly owns 231,500 shares in the company, valued at approximately $27,543,870. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Cohen & Steers Inc. increased its position in shares of The Travelers Cos. by 573,761.8% in the second quarter. Cohen & Steers Inc. now owns 6,312,480 shares of the company’s stock worth $672,090,000 after buying an additional 6,311,380 shares in the last quarter. Bank of Montreal Can purchased a new stake in The Travelers Cos. during the second quarter valued at about $374,228,000. BlackRock Group LTD increased its stake in The Travelers Cos. by 31.0% in the third quarter. BlackRock Group LTD now owns 3,784,619 shares of the company’s stock valued at $433,528,000 after buying an additional 895,850 shares during the period. Old Mutual Global Investors UK Ltd. increased its stake in The Travelers Cos. by 209.7% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 951,747 shares of the company’s stock valued at $109,022,000 after buying an additional 644,477 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in The Travelers Cos. by 6.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 9,122,241 shares of the company’s stock valued at $1,044,953,000 after buying an additional 531,848 shares during the period. 80.94% of the stock is currently owned by institutional investors and hedge funds.
The Travelers Cos. Company Profile
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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