The Travelers Companies, Inc. (NYSE:TRV) Given Consensus Recommendation of “Hold” by Analysts

The Travelers Companies, Inc. (NYSE:TRVGet Free Report) has been given an average recommendation of “Hold” by the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $311.4667.

Several brokerages recently issued reports on TRV. BMO Capital Markets lifted their target price on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Bank of America dropped their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $316.00 to $322.00 in a research note on Tuesday. UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th.

Read Our Latest Stock Analysis on TRV

Insider Buying and Selling at Travelers Companies

In other news, EVP Diane Kurtzman sold 2,867 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $1,607,678.10. This represents a 35.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the sale, the executive vice president owned 6,075 shares in the company, valued at $1,853,239.50. The trade was a 51.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 37,573 shares of company stock worth $11,504,146. Company insiders own 1.39% of the company’s stock.

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HHM Wealth Advisors LLC raised its holdings in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC purchased a new stake in Travelers Companies during the 1st quarter valued at $26,000. Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies during the 4th quarter valued at $26,000. Osterweis Capital Management Inc. raised its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Travelers Companies during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV opened at $299.97 on Thursday. The firm has a market cap of $63.79 billion, a PE ratio of 8.93, a P/E/G ratio of 2.75 and a beta of 0.50. The stock has a 50-day moving average price of $299.51 and a 200-day moving average price of $293.63. Travelers Companies has a 1 year low of $249.19 and a 1 year high of $313.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRVGet Free Report) last issued its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.91 earnings per share. Sell-side analysts predict that Travelers Companies will post 28.03 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Travelers Companies’s payout ratio is currently 13.09%.

Travelers Companies Company Profile

(Get Free Report)

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.

Recommended Stories

Analyst Recommendations for Travelers Companies (NYSE:TRV)

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.