Brokerages Set The Travelers Companies, Inc. (NYSE:TRV) Target Price at $261.05

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) has been given an average rating of "Hold" by the twenty-three analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $260.00.

TRV has been the topic of a number of recent research reports. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Hsbc Global Res raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th.

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Travelers Companies Stock Up 0.0 %

NYSE:TRV traded up $0.06 during mid-day trading on Friday, reaching $259.50. The stock had a trading volume of 1,135,977 shares, compared to its average volume of 1,182,880. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The business's 50 day moving average is $248.83 and its 200 day moving average is $247.37. The stock has a market cap of $58.84 billion, a P/E ratio of 12.09, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.01 EPS. As a group, sell-side analysts predict that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's payout ratio is 19.56%.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds have recently modified their holdings of TRV. Vanguard Group Inc. boosted its holdings in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock valued at $5,207,499,000 after buying an additional 117,108 shares during the last quarter. State Street Corp raised its stake in Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock valued at $3,644,532,000 after buying an additional 120,228 shares during the period. FMR LLC boosted its stake in shares of Travelers Companies by 1.6% during the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock worth $3,439,392,000 after acquiring an additional 229,160 shares during the period. Geode Capital Management LLC raised its stake in Travelers Companies by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock valued at $1,269,321,000 after acquiring an additional 182,270 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Travelers Companies by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock valued at $903,937,000 after purchasing an additional 70,036 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

About Travelers Companies

The 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.