Travelers Companies Inc (NYSE:TRV) has been assigned a consensus rating of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $135.42.
A number of equities analysts have recently weighed in on the company. Credit Suisse Group upped their price objective on Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $142.00 price objective on shares of Travelers Companies in a research note on Tuesday, January 23rd. Royal Bank of Canada upped their price objective on Travelers Companies to $140.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Atlantic Securities raised Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price objective for the company in a research note on Friday, January 26th. Finally, Goldman Sachs Group assumed coverage on Travelers Companies in a research note on Monday, December 4th. They issued a “sell” rating and a $124.00 price objective for the company.
Shares of Travelers Companies (TRV) opened at $140.85 on Wednesday. Travelers Companies has a fifty-two week low of $113.76 and a fifty-two week high of $150.55. The company has a current ratio of 0.39, a quick ratio of 0.41 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $38,550.00, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.98 and a beta of 1.26.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be given a $0.72 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.04%. Travelers Companies’s dividend payout ratio is currently 33.33%.
Travelers Companies announced that its board has approved a share repurchase program on Thursday, November 9th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
In other Travelers Companies news, Director Todd C. Schermerhorn sold 1,120 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $149.08, for a total transaction of $166,969.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gregory C. Toczydlowski sold 28,975 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $148.56, for a total value of $4,304,526.00. Following the sale, the executive vice president now owns 35,900 shares in the company, valued at $5,333,304. The disclosure for this sale can be found here. Insiders sold 183,599 shares of company stock worth $26,487,501 over the last quarter. 0.82% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of TRV. Laurel Wealth Advisors Inc. grew its stake in shares of Travelers Companies by 1.4% during the second quarter. Laurel Wealth Advisors Inc. now owns 2,116 shares of the insurance provider’s stock valued at $267,000 after buying an additional 29 shares during the last quarter. Intellectus Partners LLC grew its stake in shares of Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares during the last quarter. Afam Capital Inc. grew its stake in shares of Travelers Companies by 0.8% during the second quarter. Afam Capital Inc. now owns 18,897 shares of the insurance provider’s stock valued at $2,391,000 after buying an additional 157 shares during the last quarter. National Asset Management Inc. grew its stake in shares of Travelers Companies by 11.6% during the second quarter. National Asset Management Inc. now owns 2,069 shares of the insurance provider’s stock valued at $263,000 after buying an additional 215 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC grew its stake in shares of Travelers Companies by 0.8% during the second quarter. Stonebridge Capital Advisors LLC now owns 29,403 shares of the insurance provider’s stock valued at $3,720,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 79.21% of the company’s stock.
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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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