The Travelers Companies, Inc. (NYSE:TRV) Receives Consensus Recommendation of “Hold” from Analysts

The Travelers Companies, Inc. (NYSE:TRV) has been assigned an average rating of “Hold” from the twenty-five research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and four have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $354.53.

A number of analysts have recently weighed in on TRV shares. Mizuho raised their price objective on Travelers Companies from $343.00 to $348.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 16th. Raymond James Financial set a $430.00 price target on Travelers Companies in a research note on Monday, July 20th. Roth Capital raised their price target on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Morgan Stanley boosted their price target on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Finally, Evercore set a $329.00 price objective on shares of Travelers Companies and gave the company an “in-line” rating in a research report on Friday, July 10th.

Travelers Companies Trading Down 0.1%

NYSE TRV opened at $362.65 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $75.64 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 2.44 and a beta of 0.44. The company has a 50 day moving average price of $372.71 and a 200 day moving average price of $330.33. Travelers Companies has a 52 week low of $252.26 and a 52 week high of $398.70.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies’s revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $6.51 earnings per share. As a group, sell-side analysts forecast that Travelers Companies will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Michael Klein sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at $16,519,811.25. This trade represents a 11.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maria Olivo sold 6,000 shares of Travelers Companies stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $369.86, for a total value of $2,219,160.00. Following the sale, the executive vice president directly owned 118,742 shares of the company’s stock, valued at approximately $43,917,916.12. This represents a 4.81% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 58,667 shares of company stock valued at $21,830,989. Company insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in shares of Travelers Companies by 39.4% in the second quarter. QRG Capital Management Inc. now owns 89,892 shares of the insurance provider’s stock worth $29,675,000 after purchasing an additional 25,395 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Travelers Companies by 14.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,709 shares of the insurance provider’s stock worth $2,545,000 after buying an additional 977 shares during the last quarter. Bouchey Financial Group Ltd. purchased a new position in Travelers Companies during the 2nd quarter worth approximately $234,000. Sequoia Financial Advisors LLC lifted its stake in Travelers Companies by 12.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 33,397 shares of the insurance provider’s stock valued at $11,025,000 after acquiring an additional 3,782 shares during the period. Finally, Cidel Asset Management Inc. lifted its stake in Travelers Companies by 31.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 2,358 shares of the insurance provider’s stock valued at $778,000 after acquiring an additional 570 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers’ principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers’ compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.