Brokerages Set The Travelers Companies, Inc. (NYSE:TRV) Price Target at $271.11

Shares of The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $271.11.

Several equities research analysts have weighed in on the stock. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. UBS Group dropped their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company upped their price target on Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday, April 17th.

Insiders Place Their Bets

In other news, EVP Jeffrey P. Klenk sold 15,180 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the completion of the sale, the executive vice president owned 6,075 shares of the company's stock, valued at $1,657,685.25. This represents a 71.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the sale, the chief executive officer owned 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock worth $44,868,201 in the last three months. 1.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRV. Vanguard Group Inc. boosted its position in shares of Travelers Companies by 0.5% during the first 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 during the period. FMR LLC lifted its stake in Travelers Companies by 1.6% in the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after acquiring an additional 229,160 shares in the last quarter. Geode Capital Management LLC boosted its position 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 worth $1,269,321,000 after acquiring an additional 182,270 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Travelers Companies by 1.9% during 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 acquiring an additional 70,036 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Travelers Companies by 236.9% during 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 acquiring an additional 2,466,098 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of TRV traded up $6.79 on Monday, hitting $264.13. The company's stock had a trading volume of 859,512 shares, compared to its average volume of 1,280,459. The company has a market capitalization of $59.66 billion, a PE ratio of 14.38, a PEG ratio of 3.90 and a beta of 0.51. Travelers Companies has a fifty-two week low of $200.40 and a fifty-two week high of $277.83. The company has a 50 day moving average price of $267.71 and a 200 day moving average price of $254.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same quarter in the previous year, the firm earned $4.69 earnings per share. On average, research analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.67%. Travelers Companies's payout ratio is currently 23.95%.

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.