The Travelers Companies, Inc. (NYSE:TRV) Receives $304.33 Consensus Price Target from Brokerages

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been given an average rating of “Hold” by the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $304.3333.

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald upped their price target on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Weiss Ratings raised Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, February 9th. UBS Group restated a “neutral” rating on shares of Travelers Companies in a research note on Monday, February 2nd. Morgan Stanley raised their price target on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Finally, Zacks Research lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $301.18, for a total value of $3,011,800.00. Following the transaction, the executive vice president directly owned 33,638 shares in the company, valued at $10,131,092.84. This trade represents a 22.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction on Friday, February 6th. The stock was sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $35,366,997. The trade was a 8.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 92,845 shares of company stock valued at $27,239,631 over the last 90 days. 1.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the fourth quarter valued at approximately $26,000. Osterweis Capital Management Inc. raised its position in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the period. Delos Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the 2nd quarter worth $27,000. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Finally, Clayton Financial Group LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $303.02 on Friday. Travelers Companies has a twelve month low of $230.43 and a twelve month high of $313.12. The company has a market capitalization of $65.53 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 2.86 and a beta of 0.49. The firm has a 50 day moving average of $291.06 and a 200 day moving average of $283.63. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.34 by $2.79. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $9.15 EPS. As a group, equities research analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s payout ratio is 15.98%.

Travelers Companies announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

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.