Brokerages Set The Travelers Companies, Inc. (NYSE:TRV) Price Target at $292.73

The Travelers Companies, Inc. (NYSE:TRV) has received an average rating of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $292.7333.

Several brokerages have recently weighed in on TRV. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. UBS Group lifted their price objective on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Morgan Stanley raised their target price on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective for the company.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total value of $575,000.00. Following the completion of the sale, the insider owned 255,086 shares in the company, valued at approximately $73,337,225. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the sale, the chief financial officer owned 26,932 shares in the company, valued at $7,493,829. This represents a 48.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,375 shares of company stock valued at $10,374,006 over the last 90 days. 1.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Hedge funds have recently bought and sold shares of the stock. Greykasell Wealth Strategies Inc. purchased a new stake in Travelers Companies in the first quarter valued at $26,000. Osterweis Capital Management Inc. increased its position in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Missouri Trust & Investment Co boosted its position in shares of Travelers Companies by 122.2% in 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 period. Delos Wealth Advisors LLC purchased a new position in Travelers Companies during the 2nd quarter worth approximately $27,000. Finally, Barnes Dennig Private Wealth Management LLC grew its stake in 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 buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

NYSE:TRV opened at $295.08 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a 50 day moving average price of $278.20 and a 200-day moving average price of $271.27. Travelers Companies has a 1-year low of $230.23 and a 1-year high of $296.85. The firm has a market cap of $65.82 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55.

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

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio is currently 17.30%.

Travelers Companies Company Profile

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.