Travelers Companies Inc (NYSE:TRV) has earned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $134.71.
Several research firms have recently weighed in on TRV. UBS Group boosted their price objective on shares of Travelers Companies from $131.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Argus boosted their price objective on shares of Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Wells Fargo & Co set a $125.00 price objective on shares of Travelers Companies and gave the stock a “hold” rating in a research note on Tuesday, November 14th. ValuEngine lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th.
Travelers Companies (NYSE TRV) opened at $134.73 on Friday. The firm has a market cap of $36,880.00, a PE ratio of 15.59, a PEG ratio of 1.81 and a beta of 1.25. Travelers Companies has a 52 week low of $113.76 and a 52 week high of $137.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $2.10 by ($1.19). The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.46 billion. Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.40 earnings per share. research analysts predict that Travelers Companies will post 6.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 11th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Friday, December 8th. Travelers Companies’s payout ratio is 33.33%.
Travelers Companies announced that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
In other Travelers Companies news, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the completion of the sale, the executive vice president now owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the completion of the sale, the executive vice president now directly owns 21,619 shares of the company’s stock, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. Insiders have sold a total of 55,302 shares of company stock valued at $7,347,753 in the last ninety days. 0.82% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of TRV. Balyasny Asset Management LLC boosted its holdings in Travelers Companies by 2,272.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock valued at $186,142,000 after purchasing an additional 1,409,121 shares during the period. FIL Ltd bought a new stake in Travelers Companies in the 2nd quarter valued at about $161,641,000. Janus Henderson Group PLC boosted its holdings in Travelers Companies by 3,559.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock valued at $165,178,000 after purchasing an additional 1,269,774 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in Travelers Companies in the 3rd quarter valued at about $78,058,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Travelers Companies by 62.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,558,999 shares of the insurance provider’s stock valued at $197,260,000 after purchasing an additional 596,361 shares during the period. 78.49% of the stock is owned by hedge funds and other institutional investors.
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About Travelers Companies
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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