Shares of The Travelers Companies, Inc. (NYSE:TRV – Get Free Report) have been given an average recommendation of “Hold” by the twenty-six brokerages that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and four have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $354.2632.
A number of equities analysts recently commented on the stock. The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a research note on Monday, July 20th. BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. HSBC lifted their price target on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. Morgan Stanley raised their price objective on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, August 20th.
View Our Latest Stock Report on Travelers Companies
Insider Buying and Selling at Travelers Companies
Hedge Funds Weigh In On Travelers Companies
Several institutional investors and hedge funds have recently modified their holdings of TRV. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Travelers Companies in the 2nd quarter valued at $4,447,000. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Travelers Companies during the fourth quarter worth $24,167,000. Rit Capital Partners PLC purchased a new position in shares of Travelers Companies in the fourth quarter valued at approximately $39,450,000. Bank of Nova Scotia acquired a new stake in Travelers Companies in the second quarter valued at approximately $19,949,000. Finally, Haverford Trust Co acquired a new position in Travelers Companies during the 2nd quarter worth approximately $1,723,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Travelers Companies Stock Performance
Shares of TRV opened at $366.10 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $361.50 and a two-hundred day simple moving average of $322.38. The stock has a market cap of $76.36 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 2.44 and a beta of 0.44. Travelers Companies has a 52 week low of $252.26 and a 52 week high of $398.70.
Travelers Companies (NYSE:TRV – Get Free Report) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the previous year, the company earned $6.51 EPS. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect that Travelers Companies will post 33.82 EPS for the current year.
Travelers Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.
About Travelers Companies
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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