The Travelers Companies, Inc. (NYSE:TRV) Given Average Recommendation of "Hold" by Brokerages

Shares of The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nineteen brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $222.65.

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Travelers Companies from $214.00 to $216.00 and gave the company an "equal weight" rating in a research note on Friday, May 10th. Citigroup lifted their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 16th. Piper Sandler reissued a "neutral" rating and set a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. Oppenheimer reissued a "market perform" rating on shares of Travelers Companies in a research note on Friday, April 5th. Finally, TD Cowen reduced their price objective on shares of Travelers Companies from $261.00 to $252.00 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 over the last ninety days. Insiders own 1.33% of the company's stock.

Hedge Funds Weigh In On Travelers Companies

Institutional investors have recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. increased its holdings in Travelers Companies by 29.0% during the fourth quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider's stock worth $879,000 after buying an additional 1,037 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Travelers Companies by 124.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider's stock worth $2,660,000 after purchasing an additional 7,649 shares during the period. Worth Asset Management LLC bought a new position in Travelers Companies during the fourth quarter worth $2,201,000. Nordea Investment Management AB boosted its position in Travelers Companies by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider's stock worth $46,919,000 after purchasing an additional 16,580 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Travelers Companies by 3.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 342,005 shares of the insurance provider's stock worth $65,426,000 after purchasing an additional 12,597 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.5 %

Shares of NYSE TRV traded up $1.09 during mid-day trading on Friday, hitting $213.33. The company's stock had a trading volume of 649,983 shares, compared to its average volume of 1,041,232. The stock has a market cap of $48.85 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. Travelers Companies has a one year low of $157.33 and a one year high of $232.75. The company's fifty day simple moving average is $219.73 and its 200-day simple moving average is $206.00.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the business posted $4.11 EPS. On average, sell-side analysts anticipate that Travelers Companies will post 17.85 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. Travelers Companies's dividend payout ratio (DPR) is 29.72%.

Travelers Companies Company Profile

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.