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

Key Points

• The Travelers Companies, Inc. (NYSE:TRV) has received a consensus rating of "Hold" from nineteen brokerages, with an average price target of $284.56.
• Executive Vice President Maria Olivo sold 36,199 shares of the company's stock, reducing her position by 23.46%, and insiders collectively sold 175,374 shares worth nearly $48 million over the last 90 days.
• Travelers recently announced a quarterly dividend of $1.10 per share, scheduled for payment on September 30th, reflecting a 1.7% dividend yield.

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) has been given a consensus rating of "Hold" by the nineteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has 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 $284.5556.

A number of analysts recently commented on the company. Citigroup assumed coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective for the company. UBS Group lifted their price objective on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th.

Insiders Place Their Bets

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the sale, the executive vice president directly owned 118,116 shares in the company, valued at $32,387,407.20. The trade was a 23.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 15,180 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total value of $4,142,166.60. Following the sale, the executive vice president owned 6,075 shares in the company, valued at $1,657,685.25. This represents a 71.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,374 shares of company stock worth $47,929,912. 1.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently made changes to their positions in TRV. Cornerstone Planning Group LLC boosted its position in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares during the period. Putney Financial Group LLC acquired a new position in Travelers Companies during the 4th quarter worth $26,000. Ameriflex Group Inc. acquired a new position in Travelers Companies during the 4th quarter worth $26,000. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies during the 1st quarter worth $26,000. Finally, Osterweis Capital Management Inc. boosted its position in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after acquiring an additional 91 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.2%

Shares of TRV stock opened at $265.13 on Tuesday. Travelers Companies has a fifty-two week low of $215.39 and a fifty-two week high of $277.83. The stock has a market cap of $59.69 billion, a P/E ratio of 11.73, a P/E/G ratio of 3.05 and a beta of 0.51. The business has a fifty day simple moving average of $262.36 and a 200-day simple moving average of $259.57. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $2.51 earnings per share. On average, analysts forecast that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's payout ratio is currently 19.46%.

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.

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