The Travelers Companies, Inc. (NYSE:TRV – Get 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
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:TRV – Get 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
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.
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