Travelers Companies Given Average Rating of “Hold” by Brokerages (NYSE:TRV)
Shares of Travelers Companies (NYSE:TRV) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the stock, Analyst Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five 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 $97.89.
In other Travelers Companies news, Chairman Jay S. Fishman sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $89.42, for a total transaction of $2,235,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Travelers Companies (NYSE:TRV) opened at 90.48 on Tuesday. Travelers Companies has a one year low of $79.12 and a one year high of $96.18. The stock’s 50-day moving average is $93.25 and its 200-day moving average is $88.71. The company has a market cap of $30.677 billion and a P/E ratio of 9.07.
Travelers Companies (NYSE:TRV) last released its earnings data on Tuesday, July 22nd. The company reported $1.93 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.07 by $0.14. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Travelers Companies will post $9.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Monday, September 8th.
A number of research firms have recently commented on TRV. Analysts at Sandler O’Neill downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday, July 28th. Separately, analysts at FBR Capital Markets raised their price target on shares of Travelers Companies from $99.00 to $107.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Finally, 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.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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