The Travelers Companies, Inc. (NYSE:TRV) Receives $271.11 Average Price Target from Analysts

The Travelers Companies, Inc. (NYSE:TRV) has been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $271.11.

A number of research firms recently issued reports on TRV. Jefferies Financial Group boosted their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a research note on Thursday, April 17th. Evercore ISI raised their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research report on Tuesday, April 8th. Finally, UBS Group dropped their target price on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $261.20 on Thursday. The stock has a 50 day moving average of $262.99 and a 200 day moving average of $254.22. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $277.83. The firm has a market cap of $58.99 billion, a PE ratio of 12.17, a PEG ratio of 4.65 and a beta of 0.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during 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 period last year, the company earned $4.69 earnings per share. On average, research analysts expect that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. Travelers Companies’s payout ratio is currently 23.95%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the sale, the insider now directly owns 255,086 shares in the company, valued at $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Donnay Rowland sold 12,069 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.01, for a total transaction of $3,307,026.69. Following the completion of the transaction, the executive vice president now directly owns 11,731 shares in the company, valued at $3,214,411.31. This represents a 50.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after purchasing an additional 2,466,098 shares during the last quarter. Norges Bank purchased a new stake in Travelers Companies in the 4th quarter worth $560,918,000. GAMMA Investing LLC raised its position in shares of Travelers Companies by 31,132.9% during the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock worth $582,733,000 after purchasing an additional 2,196,426 shares during the last quarter. Nuveen LLC acquired a new position in shares of Travelers Companies during the first quarter valued at approximately $294,755,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Travelers Companies by 153.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock worth $360,694,000 after buying an additional 907,266 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

About Travelers Companies

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.