The Travelers Companies, Inc. (NYSE:TRV – Get Free Report) has been given an average recommendation of “Hold” by the twenty-six research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and four have given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $354.2632.
A number of analysts have commented on the company. Piper Sandler lifted their price target on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Bank of America increased their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research note on Tuesday, May 26th. Cantor Fitzgerald lifted their target price on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price on the stock. in a research report on Monday, July 13th.
Check Out Our Latest Research Report on Travelers Companies
Travelers Companies Trading Up 0.9%
Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the firm posted $6.51 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts predict that Travelers Companies will post 33.82 EPS for the current year.
Travelers Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is presently 13.39%.
Insider Buying and Selling at Travelers Companies
In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares in the company, valued at $2,048,789.58. The trade was a 44.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company’s stock.
Hedge Funds Weigh In On Travelers Companies
Institutional investors have recently modified their holdings of the stock. Arbejdsmarkedets Tillaegspension purchased a new stake in Travelers Companies during the 4th quarter valued at about $24,167,000. Rit Capital Partners PLC acquired a new stake in Travelers Companies during the fourth quarter worth $39,450,000. Robeco Institutional Asset Management B.V. raised its position in Travelers Companies by 17.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock valued at $261,616,000 after purchasing an additional 133,152 shares during the period. UBS Group AG raised its position in Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after purchasing an additional 89,159 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its stake in shares of Travelers Companies by 18.9% in the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 54,054 shares of the insurance provider’s stock valued at $15,679,000 after purchasing an additional 8,591 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.
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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