The Travelers Companies, Inc. (NYSE:TRV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of The Travelers Companies, Inc. (NYSE:TRV) have received a consensus rating of “Hold” from the twenty-one brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $309.0667.

Several analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Piper Sandler increased their price objective on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Bank of America lowered their price objective on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Finally, Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th.

Travelers Companies Stock Up 0.1%

Shares of NYSE:TRV opened at $304.62 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. Travelers Companies has a 52-week low of $249.19 and a 52-week high of $313.12. The company has a 50 day moving average of $300.22 and a two-hundred day moving average of $294.54. The company has a market capitalization of $64.78 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 2.75 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter last year, the company earned $1.91 earnings per share. Travelers Companies’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, analysts forecast that Travelers Companies will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.6%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio is 14.88%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the sale, the insider directly owned 259,590 shares of the company’s stock, valued at $80,639,037.60. The trade was a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 37,573 shares of company stock valued at $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Institutional Trading of Travelers Companies

A number of hedge funds have recently made changes to their positions in TRV. Norges Bank acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $723,339,000. State Street Corp boosted its holdings in Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the period. AustralianSuper Pty Ltd boosted its holdings in Travelers Companies by 102.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after purchasing an additional 458,746 shares during the period. Amundi boosted its holdings in Travelers Companies by 36.6% in the first quarter. Amundi now owns 1,392,468 shares of the insurance provider’s stock worth $406,155,000 after purchasing an additional 373,061 shares during the period. Finally, Woodline Partners LP acquired a new position in Travelers Companies in the third quarter worth $99,680,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Company Profile

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.