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. The Business Insurance segment offers workers' compensation, commercial automobile and property, general liability, commercial multi-peril, employers' liability, public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal accident, and kidnap and ransom insurance products. This segment operates through select accounts, which serve small businesses; commercial accounts that serve mid-sized businesses; national accounts, which serve large companies; and national property and other that serve large and mid-sized customers, commercial trucking industry, and agricultural businesses, as well as markets and distributes its products through brokers, wholesale agents, and program managers. The Bond & Specialty Insurance segment provides surety, fidelity, management and professional liability, and other property and casualty coverages and related risk management services through independent agencies and brokers. The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners insurance to individuals through independent agencies and brokers. The Travelers Companies, Inc. was founded in 1853 and is based in New York, New York.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on TRV shares. Royal Bank of Canada reduced their price target on shares of Travelers Companies from $183.00 to $165.00 in a research report on Friday, July 22nd. Citigroup began coverage on Travelers Companies in a research report on Monday, May 23rd. They set a "neutral" rating and a $179.00 price target on the stock. Piper Sandler lowered their price objective on Travelers Companies from $190.00 to $175.00 and set a "neutral" rating for the company in a research note on Friday, July 22nd. Barclays reduced their target price on Travelers Companies from $184.00 to $177.00 and set an "equal weight" rating for the company in a report on Thursday, July 14th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Travelers Companies in a report on Thursday, June 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $175.00.
Travelers Companies Trading Down 0.1 %
Shares of NYSE:TRV traded down $0.15 during trading on Monday, reaching $171.41. 8,540 shares of the stock were exchanged, compared to its average volume of 1,383,272. The firm's 50-day moving average price is $164.03 and its 200 day moving average price is $171.55. Travelers Companies has a 12-month low of $145.40 and a 12-month high of $187.98. The firm has a market cap of $40.68 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 3.14 and a beta of 0.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.
Travelers Companies (NYSE:TRV - Get Rating) last released its quarterly earnings results on Thursday, July 21st. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.00 by $0.57. The firm had revenue of $9.14 billion during the quarter, compared to analysts' expectations of $8.29 billion. Travelers Companies had a return on equity of 13.64% and a net margin of 9.97%. The business's revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $3.45 EPS. On average, sell-side analysts anticipate that Travelers Companies will post 13.61 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 Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 8th. Travelers Companies's dividend payout ratio (DPR) is 25.82%.
Insiders Place Their Bets
In related news, Vice Chairman William H. Heyman sold 5,500 shares of the firm's stock in a transaction on Friday, May 27th. The shares were sold at an average price of $176.68, for a total transaction of $971,740.00. Following the completion of the transaction, the insider now directly owns 251,605 shares of the company's stock, valued at $44,453,571.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.07% of the company's stock.