Shares of The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) have been given a consensus rating of "Hold" by the twenty-three analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $247.90.
Several equities analysts have recently weighed in on the company. Bank of America raised their target price on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research report on Thursday, October 17th. Barclays lifted their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the company a "sell" rating in a research report on Tuesday, October 22nd. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd.
Read Our Latest Analysis on TRV
Insider Transactions at Travelers Companies
In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company's stock, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of the company's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now directly owns 16,976 shares of the company's stock, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Travelers Companies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies during the second quarter worth approximately $25,000. Pathway Financial Advisers LLC purchased a new position in Travelers Companies during the 1st quarter worth $35,000. Beacon Capital Management LLC increased its stake in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC raised its holdings in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after buying an additional 45 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the third quarter worth about $41,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.
Travelers Companies Price Performance
Shares of NYSE:TRV traded up $4.30 during midday trading on Friday, reaching $260.82. 1,305,442 shares of the company's stock traded hands, compared to its average volume of 1,169,261. The company has a market cap of $59.21 billion, a P/E ratio of 13.38, a PEG ratio of 1.25 and a beta of 0.62. The company has a fifty day simple moving average of $244.44 and a two-hundred day simple moving average of $224.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a 1 year low of $169.18 and a 1 year high of $269.55.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter last year, the business earned $1.95 earnings per share. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts predict that Travelers Companies will post 18.64 EPS for the current fiscal year.
Travelers Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. Travelers Companies's dividend payout ratio (DPR) is presently 21.54%.
About Travelers Companies
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Get Free ReportThe 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.
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