The Travelers Companies, Inc. (NYSE:TRV) Given Average Rating of “Hold” by Brokerages

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been assigned a consensus recommendation of “Hold” from the twenty analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $294.25.

TRV has been the topic of several research analyst reports. Wolfe Research began coverage on Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. UBS Group raised their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the completion of the transaction, the insider directly owned 255,086 shares of the company’s stock, valued at $73,337,225. The trade was a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 46,295 shares of company stock worth $13,011,918. Corporate insiders own 1.46% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently modified their holdings of TRV. Vanguard Group Inc. lifted its holdings in Travelers Companies by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock valued at $5,898,456,000 after purchasing an additional 313,449 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Travelers Companies by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after buying an additional 119,481 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Travelers Companies by 1.0% in the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock worth $1,481,805,000 after buying an additional 54,363 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after acquiring an additional 3,611,758 shares during the last quarter. Finally, Norges Bank acquired a new position in Travelers Companies during the second quarter worth about $815,013,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Down 0.2%

NYSE:TRV opened at $293.11 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. Travelers Companies has a twelve month low of $230.23 and a twelve month high of $296.85. The company has a market cap of $65.38 billion, a PE ratio of 11.53, a P/E/G ratio of 2.88 and a beta of 0.53. The company’s 50 day moving average is $280.51 and its two-hundred day moving average is $272.65.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the previous year, the firm posted $5.24 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts anticipate that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.