Shares of Travelers Companies Inc (NYSE:TRV) have earned a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $137.71.
TRV has been the subject of several recent analyst reports. Wells Fargo & Co set a $125.00 price target on Travelers Companies and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Goldman Sachs Group initiated coverage on Travelers Companies in a research note on Monday, December 4th. They issued a “sell” rating and a $124.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $152.00 price objective on shares of Travelers Companies in a report on Wednesday, December 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $148.00 price objective on shares of Travelers Companies in a report on Friday, December 8th. Finally, ValuEngine lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,022 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $140.37, for a total transaction of $283,828.14. Following the completion of the sale, the insider now owns 242,244 shares of the company’s stock, valued at $34,003,790.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Todd C. Schermerhorn purchased 1,120 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were bought at an average cost of $134.21 per share, with a total value of $150,315.20. The disclosure for this purchase can be found here. Insiders have sold 178,290 shares of company stock valued at $26,206,409 in the last three months. 0.82% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Green Square Capital LLC grew its holdings in Travelers Companies by 58.8% during the fourth quarter. Green Square Capital LLC now owns 11,539 shares of the insurance provider’s stock valued at $1,565,000 after purchasing an additional 4,273 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Travelers Companies by 5.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 50,176 shares of the insurance provider’s stock valued at $6,806,000 after purchasing an additional 2,816 shares during the period. Colonial Trust Advisors grew its holdings in Travelers Companies by 89.4% during the fourth quarter. Colonial Trust Advisors now owns 4,076 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 1,924 shares during the period. CNB Bank bought a new stake in Travelers Companies during the fourth quarter valued at about $113,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Travelers Companies by 1.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 153,568 shares of the insurance provider’s stock valued at $20,830,000 after purchasing an additional 2,361 shares during the period. 79.42% of the stock is owned by institutional investors and hedge funds.
Travelers Companies (TRV) traded down $2.98 during mid-day trading on Friday, hitting $138.41. The stock had a trading volume of 1,080,956 shares, compared to its average volume of 2,050,658. Travelers Companies has a 52-week low of $113.76 and a 52-week high of $150.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $37,885.92, a PE ratio of 18.85, a P/E/G ratio of 1.86 and a beta of 1.29.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the prior year, the firm earned $3.20 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. analysts expect that Travelers Companies will post 10.59 EPS for the current year.
Travelers Companies announced that its board has initiated a stock buyback plan on Thursday, November 9th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, March 8th. Travelers Companies’s dividend payout ratio is presently 39.40%.
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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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