The Travelers Companies (NYSE: TRV)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Monday.
The analysts wrote, “Travelers Companies (TRV) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of The Travelers Companies from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, February 18th. They now have a $96.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Travelers Companies in a research note to investors on Wednesday, February 6th. Finally, analysts at UBS AG raised their EPS on shares of The Travelers Companies in a research note to investors on Tuesday, January 29th. They now have a “buy” rating and a $85.00 price target on the stock. They previously had a $80.00 price target on the stock.
Twelve investment analysts have rated the stock with a buy rating, and twelve have given a hold rating to the company. The Travelers Companies presently has an average rating of “overweight” and an average target price of $83.31.
Shares of The Travelers Companies opened at 80.69 on Monday. The Travelers Companies has a 52 week low of $55.86 and a 52 week high of $81.25. The stock’s 50-day moving average is currently $78.61. The company has a market cap of $30.497 billion and a P/E ratio of 12.82.
The Travelers Companies last issued its quarterly earnings data on Tuesday, January 22nd. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.58. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that The Travelers Companies will post $7.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Investors of record on Friday, March 8th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, March 6th.
The Travelers Companies, Inc. (TRV) is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, Government units, associations and individuals.
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