The Travelers Companies, Inc. (NYSE:TRV) Stock Has Average Target Price of $354.53

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been assigned a consensus recommendation of “Hold” from the twenty-five analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and four have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $354.53.

TRV has been the topic of a number of recent analyst reports. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a research note on Monday, July 20th. Barclays raised their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Cantor Fitzgerald upped their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Piper Sandler increased their target price on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Klein sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the transaction, the executive vice president owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This represents a 63.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,667 shares of company stock worth $21,830,989 over the last ninety days. 1.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

A number of large investors have recently added to or reduced their stakes in TRV. BlackRock Inc. purchased a new stake in shares of Travelers Companies in the second quarter valued at about $6,915,909,000. Bank of America Corp DE acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $932,142,000. Norges Bank purchased a new position in shares of Travelers Companies during the 4th quarter worth approximately $723,339,000. GQG Partners LLC purchased a new position in shares of Travelers Companies during the 2nd quarter worth approximately $789,024,000. Finally, Legal & General Group Plc acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $558,164,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

NYSE TRV opened at $362.65 on Wednesday. The stock has a market capitalization of $75.64 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 2.43 and a beta of 0.44. The business’s 50 day moving average is $372.71 and its two-hundred day moving average is $330.13. Travelers Companies has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the prior year, the company posted $6.51 earnings per share. Travelers Companies’s quarterly revenue was up .3% on a year-over-year basis. Research analysts expect that Travelers Companies will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers’ principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers’ compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.