Travelers Companies Receives Consensus Rating of “Hold” from Analysts (NYSE:TRV)
Shares of Travelers Companies (NYSE:TRV) have earned a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, Stock Ratings Network reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $95.64.
Travelers Companies (NYSE:TRV) traded up 0.28% during mid-day trading on Tuesday, hitting $95.22. The stock had a trading volume of 375,689 shares. Travelers Companies has a 52 week low of $77.38 and a 52 week high of $96.18. The stock has a 50-day moving average of $93.50 and a 200-day moving average of $87.55. The company has a market cap of $33.086 billion and a P/E ratio of 9.18.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $2.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.16 by $0.79. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the company posted $2.33 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts predict that Travelers Companies will post $9.33 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. They now have a $98.00 price target on the stock, up previously from $96.00. They noted that the move was a valuation call. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Travelers Companies in a research note on Monday, June 9th. They now have a $78.00 price target on the stock, up previously from $77.00. Finally, analysts at RBC Capital raised their price target on shares of Travelers Companies from $99.00 to $102.00 in a research note on Monday, June 9th. They now have an “outperform” rating on the stock.
In other Travelers Companies news, CFO Jay S. Benet unloaded 87,700 shares of Travelers Companies stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $95.01, for a total value of $8,332,377.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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