The Travelers Companies, Inc. (NYSE:TRV) Receives Consensus Recommendation of "Hold" from Analysts

Shares of The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-one ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $285.4444.

A number of brokerages recently commented on TRV. Wells Fargo & Company raised their price target on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Evercore ISI reiterated an "outperform" rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley boosted their target price on Travelers Companies from $269.00 to $285.00 and gave the company an "equal weight" rating in a research report on Tuesday.

Insiders Place Their Bets

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Hedge funds have recently modified their holdings of the company. Bearing Point Capital LLC lifted its stake in Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock worth $522,000 after purchasing an additional 38 shares in the last quarter. Forum Financial Management LP increased its holdings in Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after purchasing an additional 39 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in Travelers Companies by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 39 shares during the last quarter. Associated Banc Corp increased its holdings in Travelers Companies by 1.4% in the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider's stock valued at $731,000 after purchasing an additional 39 shares during the last quarter. Finally, Park National Corp OH increased its holdings in Travelers Companies by 1.6% in the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider's stock valued at $690,000 after purchasing an additional 40 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.9%

Shares of NYSE:TRV opened at $285.21 on Wednesday. Travelers Companies has a 1 year low of $226.11 and a 1 year high of $286.89. The company has a market cap of $64.21 billion, a PE ratio of 12.61, a P/E/G ratio of 3.25 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock's 50-day moving average is $272.67 and its 200 day moving average is $265.84.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate 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 in the prior year, the business earned $2.51 EPS. Sell-side analysts anticipate that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were issued a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies's payout ratio is presently 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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