The Travelers Companies, Inc. (NYSE:TRV) Receives Consensus Rating of “Hold” from Analysts

The Travelers Companies, Inc. (NYSE:TRV) has been assigned an average recommendation of “Hold” from the twenty-one analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $309.0667.

TRV has been the topic of a number of analyst reports. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research report on Tuesday, May 26th. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Evercore restated an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Barclays lowered shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $331.00 to $295.00 in a research report on Friday, June 12th. Finally, Piper Sandler boosted their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th.

Insider Activity at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the sale, the insider directly owned 48,737 shares in the company, valued at approximately $15,049,010.86. The trade was a 12.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. Brighton Jones LLC boosted its position in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Travelers Companies in the 4th quarter worth about $276,000. WINTON GROUP Ltd purchased a new stake in shares of Travelers Companies in the 2nd quarter worth about $382,000. CIBC Asset Management Inc boosted its position in shares of Travelers Companies by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after buying an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Travelers Companies by 2.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after buying an additional 2,117 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE:TRV opened at $307.48 on Monday. The firm’s fifty day moving average price is $301.35 and its 200 day moving average price is $294.99. Travelers Companies has a 1-year low of $249.19 and a 1-year high of $313.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market cap of $65.38 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 2.78 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same period last year, the firm posted $1.91 EPS. Travelers Companies’s quarterly revenue was down 1.7% on a year-over-year basis. On average, sell-side analysts expect that Travelers Companies will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is presently 14.88%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.