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

Shares of The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) have received a consensus rating of "Hold" from the twenty-one brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $267.32.

Several equities analysts recently issued reports on TRV shares. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research report on Monday, March 24th. Finally, Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th.

Hedge Funds Weigh In On Travelers Companies

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Travelers Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock worth $5,747,656,000 after buying an additional 115,808 shares in the last quarter. FMR LLC grew its position in shares of Travelers Companies by 1.6% during the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock worth $3,439,392,000 after purchasing an additional 229,160 shares in the last quarter. Geode Capital Management LLC raised its stake in Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock valued at $1,269,321,000 after purchasing an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Travelers Companies by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock worth $903,937,000 after purchasing an additional 70,036 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Travelers Companies by 236.9% in the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after purchasing an additional 2,466,098 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.4 %

Shares of Travelers Companies stock opened at $269.65 on Friday. The company's 50-day moving average price is $257.51 and its 200-day moving average price is $251.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $273.08. The company has a market cap of $61.09 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period last year, the firm earned $4.69 EPS. On average, equities analysts expect that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

About Travelers Companies

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.

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