The Travelers Companies, Inc. (NYSE:TRV) Receives Consensus Rating of “Hold” from Brokerages

The Travelers Companies, Inc. (NYSE:TRV) has earned an average recommendation of “Hold” from the twenty-one research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $267.32.

Several research firms recently weighed in on TRV. JPMorgan Chase & Co. upped their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. UBS Group cut their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company upped their price objective on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a research report on Thursday, April 17th.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors have recently bought and sold shares of TRV. Principal Financial Group Inc. raised its holdings in Travelers Companies by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 281,463 shares of the insurance provider’s stock worth $65,896,000 after purchasing an additional 9,660 shares during the period. ORG Partners LLC raised its holdings in Travelers Companies by 119.8% in the 4th quarter. ORG Partners LLC now owns 842 shares of the insurance provider’s stock worth $203,000 after purchasing an additional 459 shares during the period. ST Germain D J Co. Inc. raised its holdings in Travelers Companies by 20.0% in the 4th quarter. ST Germain D J Co. Inc. now owns 1,393 shares of the insurance provider’s stock worth $336,000 after purchasing an additional 232 shares during the period. ORG Wealth Partners LLC raised its holdings in Travelers Companies by 16.4% in the 4th quarter. ORG Wealth Partners LLC now owns 340 shares of the insurance provider’s stock worth $82,000 after purchasing an additional 48 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in Travelers Companies by 1.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,428 shares of the insurance provider’s stock worth $1,308,000 after purchasing an additional 60 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Up 3.3%

TRV stock opened at $271.19 on Friday. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $273.50. The business’s 50 day moving average price is $258.28 and its two-hundred day moving average price is $251.92. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $61.44 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the business posted $4.69 EPS. As a group, analysts forecast that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.62%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio is presently 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.