The Travelers Companies, Inc. (NYSE:TRV) Receives $294.25 Average Price Target from Brokerages

The Travelers Companies, Inc. (NYSE:TRV) has received a consensus rating of “Hold” from the twenty research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $294.25.

TRV has been the subject of several analyst reports. Mizuho initiated coverage on shares of Travelers Companies in a report on Monday, December 15th. They issued a “neutral” rating and a $317.00 price target for the company. Wolfe Research initiated coverage on Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Piper Sandler boosted their target price on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total transaction of $575,000.00. Following the completion of the transaction, the insider owned 255,086 shares of the company’s stock, valued at $73,337,225. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 46,295 shares of company stock worth $13,011,918 over the last quarter. 1.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors have recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC boosted its stake in Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Osterweis Capital Management Inc. boosted its stake in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. Missouri Trust & Investment Co grew its holdings in shares of Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in Travelers Companies in the 2nd quarter worth $27,000. Finally, Clayton Financial Group LLC bought a new stake in Travelers Companies in the third quarter worth $28,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Up 0.4%

TRV stock opened at $293.77 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $65.53 billion, a PE ratio of 11.55, a PEG ratio of 2.88 and a beta of 0.53. Travelers Companies has a twelve month low of $230.23 and a twelve month high of $296.85. The stock has a 50-day simple moving average of $281.75 and a two-hundred day simple moving average of $273.07.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the prior year, the firm posted $5.24 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts predict that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid 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 Wednesday, December 10th. Travelers Companies’s payout ratio is currently 17.30%.

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.