The Travelers Companies, Inc. (TRV) Given Average Rating of “Hold” by Brokerages
The Travelers Companies, Inc. (NYSE:TRV) has earned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $125.39.
Several research firms have recently commented on TRV. Citigroup Inc. increased their price target on shares of The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. BidaskClub cut shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Royal Bank Of Canada reissued a “buy” rating and set a $135.00 price target on shares of The Travelers Companies in a research note on Monday, August 21st. Bank of America Corporation cut shares of The Travelers Companies from a “buy” rating to a “neutral” rating and increased their price target for the company from $120.62 to $129.44 in a research note on Monday, June 19th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of The Travelers Companies in a research note on Tuesday, June 20th.
In other The Travelers Companies news, EVP Kenneth Franklin Spence III sold 4,800 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $128.73, for a total value of $617,904.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,051 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $127.47, for a total transaction of $1,281,200.97. Following the completion of the sale, the executive vice president now owns 1,542 shares in the company, valued at $196,558.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 155,913 shares of company stock worth $19,940,467. Company insiders own 0.82% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of TRV. Beaumont Financial Partners LLC acquired a new stake in The Travelers Companies in the first quarter worth $223,000. Central Bank & Trust Co. raised its holdings in The Travelers Companies by 19.6% in the first quarter. Central Bank & Trust Co. now owns 2,220 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 364 shares during the period. Rockefeller Financial Services Inc. raised its holdings in The Travelers Companies by 14.3% in the first quarter. Rockefeller Financial Services Inc. now owns 1,563 shares of the insurance provider’s stock worth $188,000 after purchasing an additional 195 shares during the period. Canada Pension Plan Investment Board raised its holdings in The Travelers Companies by 164.8% in the first quarter. Canada Pension Plan Investment Board now owns 347,746 shares of the insurance provider’s stock worth $41,917,000 after purchasing an additional 216,408 shares during the period. Finally, Cadence Bank NA raised its holdings in The Travelers Companies by 1.9% in the first quarter. Cadence Bank NA now owns 16,118 shares of the insurance provider’s stock worth $1,943,000 after purchasing an additional 308 shares during the period. Institutional investors own 77.55% of the company’s stock.
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The Travelers Companies (NYSE TRV) traded up 3.98% during midday trading on Friday, reaching $119.76. The company’s stock had a trading volume of 4,215,429 shares. The firm has a 50-day moving average price of $125.82 and a 200 day moving average price of $123.85. The stock has a market capitalization of $33.05 billion, a price-to-earnings ratio of 11.93 and a beta of 1.21. The Travelers Companies has a 52-week low of $103.45 and a 52-week high of $130.37.
The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the company earned $2.20 earnings per share. The Travelers Companies’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies will post $8.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.72 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.40%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.
About The 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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