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

The Travelers Companies, Inc. (NYSE:TRV) has earned a consensus recommendation of “Hold” from the twenty-three research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, five have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $328.7647.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Raymond James Financial reiterated a “strong-buy” rating on shares of Travelers Companies in a research report on Monday. Bank of America cut their target price on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. UBS Group raised their price target on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday.

Trending Headlines about Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “market perform” rating on Travelers and raised its price target to $356 from $342, implying modest upside from current levels. KBW price target update
• Positive Sentiment: Travelers announced it will be the first anchor carrier partner in Applied’s new submissionless commercial insurance experience, an AI-enabled tool that could improve quote speed and workflow efficiency for agents and carriers. Applied partnership announcement
• Positive Sentiment: A Zacks note highlighted that Travelers’ auto and homeowners insurance business is driving growth, with recurring premiums and underwriting income supported by disciplined pricing and technology. Zacks growth note
• Neutral Sentiment: Mizuho raised its price target to $324 from $304 but kept a “neutral” rating, signaling limited near-term upside in its view. Mizuho price target update
• Neutral Sentiment: Wells Fargo lifted its target to $334 from $295 while maintaining an “equal weight” stance, also suggesting the shares are fairly valued after the recent rally. Wells Fargo price target update
• Negative Sentiment: A Seeking Alpha piece argued that Travelers’ strong fundamentals may already be reflected in the recent run-up, reinforcing a more cautious view after the stock’s sharp climb. Seeking Alpha downgrade

Travelers Companies Stock Performance

Shares of TRV opened at $336.88 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $71.64 billion, a P/E ratio of 10.02, a P/E/G ratio of 3.05 and a beta of 0.46. The company’s fifty day moving average is $309.46 and its two-hundred day moving average is $299.48. Travelers Companies has a 1 year low of $249.19 and a 1 year high of $349.35.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. The company had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business earned $1.91 EPS. On average, sell-side analysts predict that Travelers Companies will post 28.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 14.88%.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the company’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 value of $483,666.48. Following the sale, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president directly 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRV. Norges Bank acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $723,339,000. State Street Corp lifted its stake in shares of Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after buying an additional 486,861 shares during the period. AustralianSuper Pty Ltd boosted its position in Travelers Companies by 102.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after acquiring an additional 458,746 shares during the last quarter. Amundi boosted its position in Travelers Companies by 36.6% during the first quarter. Amundi now owns 1,392,468 shares of the insurance provider’s stock worth $406,155,000 after acquiring an additional 373,061 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in Travelers Companies in the 3rd quarter worth approximately $99,680,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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.