The Travelers Companies, Inc. (NYSE:TRV) has received an average rating of “Hold” from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $121.86.
A number of equities analysts recently issued reports on TRV shares. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Monday, April 24th. Royal Bank Of Canada restated a “buy” rating and issued a $126.00 target price on shares of The Travelers Companies in a research note on Monday, May 22nd. Citigroup Inc. lifted their price objective on The Travelers Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, April 7th. Keefe, Bruyette & Woods restated a “hold” rating and set a $115.00 target price on shares of The Travelers Companies in a research report on Thursday, May 25th. Finally, BidaskClub upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th.
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In other The Travelers Companies news, EVP Andy F. Bessette sold 9,379 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $121.60, for a total value of $1,140,486.40. Following the sale, the executive vice president now owns 14,420 shares of the company’s stock, valued at $1,753,472. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $128.72, for a total value of $710,276.96. Following the completion of the sale, the insider now directly owns 82,824 shares in the company, valued at approximately $10,661,105.28. The disclosure for this sale can be found here. In the last three months, insiders sold 168,192 shares of company stock worth $20,437,478. 0.82% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock worth $2,597,871,000 after buying an additional 633,510 shares during the last quarter. BlackRock Inc. increased its position in The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after buying an additional 19,585,476 shares during the period. State Street Corp increased its position in The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock valued at $2,284,205,000 after buying an additional 304,049 shares during the period. FMR LLC increased its position in The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after buying an additional 1,954,573 shares during the period. Finally, AQR Capital Management LLC increased its position in The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock valued at $364,779,000 after buying an additional 260,838 shares during the period. 78.13% of the stock is currently owned by institutional investors.
The Travelers Companies (TRV) traded up 0.23% during mid-day trading on Monday, hitting $127.95. The company had a trading volume of 1,004,866 shares. The firm’s 50 day moving average is $123.35 and its 200 day moving average is $121.16. The Travelers Companies has a 52 week low of $103.45 and a 52 week high of $129.60. The company has a market capitalization of $35.75 billion, a price-to-earnings ratio of 12.58 and a beta of 1.19.
The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 20th. The insurance provider reported $2.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.40 by $0.24. The firm had revenue of $6.18 billion during the quarter, compared to analysts’ expectations of $6.25 billion. The Travelers Companies had a return on equity of 12.01% and a net margin of 10.55%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. On average, equities research analysts predict that The Travelers Companies will post $9.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be given a $0.72 dividend. This is a positive change from The Travelers Companies’s previous quarterly dividend of $0.67. The ex-dividend date is Wednesday, June 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.25%. The Travelers Companies’s payout ratio is presently 28.40%.
The Travelers Companies Company Profile
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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