The Travelers Companies, Inc. (NYSE:TRV) Stock Has Average Price Target of $370.83 According to Brokerages

Key Points

• Analyst sentiment is broadly neutral: 26 brokerages give Travelers an average “Hold” rating, with a mean 12-month price target of $370.83.
• Quarterly results topped expectations: Travelers reported EPS of $9.18 versus a $7.39 consensus and revenue of $12.41 billion versus $11.36 billion expected, though revenue was down 0.5% year over year.
• Insiders have been selling shares: Executives sold 195,287 shares worth about $77.8 million over the past three months. The company also announced a quarterly dividend of $1.25 per share.

Shares of The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) have received an average recommendation of "Hold" from the twenty-six brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $370.83.

A number of analysts recently issued reports on the company. Jefferies Financial Group raised their price objective on Travelers Companies from $351.00 to $365.00 and gave the stock a "hold" rating in a research report on Monday, October 19th. Weiss Ratings upgraded shares of Travelers Companies from a "buy (a)" rating to a "buy (a+)" rating in a report on Friday, October 9th. HSBC upped their target price on shares of Travelers Companies from $376.00 to $389.00 and gave the company a "hold" rating in a research report on Monday, October 19th. Argus increased their target price on shares of Travelers Companies from $330.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Finally, Evercore dropped their price target on shares of Travelers Companies from $372.00 to $342.00 in a research report on Wednesday, October 28th.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 9,016 shares of the business's stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total value of $3,656,619.12. Following the sale, the executive vice president owned 6,075 shares of the company's stock, valued at $2,463,837.75. The trade was a 59.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gregory C. Toczydlowski sold 34,771 shares of Travelers Companies stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $403.89, for a total value of $14,043,659.19. Following the completion of the sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at $7,438,038.24. The trade was a 65.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 195,287 shares of company stock worth $77,818,050 in the last three months. 1.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently modified their holdings of TRV. BlackRock Inc. purchased a new stake in Travelers Companies during the second quarter worth about $6,915,909,000. Dimensional Fund Advisors LP lifted its holdings in Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider's stock worth $1,016,433,000 after buying an additional 123,564 shares in the last quarter. Bank of America Corp DE acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $932,142,000. GQG Partners LLC acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $789,024,000. Finally, Legal & General Group Plc purchased a new position in Travelers Companies in the 2nd quarter valued at approximately $558,164,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 0.4%

TRV opened at $399.32 on Thursday. Travelers Companies has a one year low of $268.00 and a one year high of $418.00. The stock has a market capitalization of $81.84 billion, a PE ratio of 10.47, a P/E/G ratio of 2.77 and a beta of 0.40. The business's 50 day moving average price is $379.57 and its 200 day moving average price is $334.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The company had revenue of $12.41 billion during the quarter, compared to analysts' expectations of $11.36 billion. During the same quarter last year, the firm earned $8.14 earnings per share. The firm's quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts expect that Travelers Companies will post 36.27 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies's dividend payout ratio is currently 13.11%.

About Travelers Companies

The Travelers Companies, Inc. is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers' compensation and commercial auto insurance. The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

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