Travelers Companies Inc (NYSE:TRV) has earned an average rating of “Hold” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $137.71.
A number of equities research analysts have issued reports on TRV shares. Royal Bank of Canada restated a “buy” rating and set a $148.00 price objective on shares of Travelers Companies in a research report on Friday, December 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $152.00 price objective on shares of Travelers Companies in a research report on Wednesday, December 6th. Bank of America upgraded Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research report on Friday, January 5th. Finally, ValuEngine downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.
In other Travelers Companies news, Director Todd C. Schermerhorn purchased 1,120 shares of Travelers Companies stock in a transaction dated Thursday, December 7th. The shares were purchased at an average cost of $134.21 per share, for a total transaction of $150,315.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 17,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.42, for a total value of $2,421,140.00. Following the completion of the sale, the executive vice president now owns 28,327 shares in the company, valued at $4,034,331.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 178,290 shares of company stock worth $26,206,409. Company insiders own 0.82% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Travelers Companies by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,935,859 shares of the insurance provider’s stock worth $359,710,000 after buying an additional 46,276 shares during the period. Geode Capital Management LLC grew its stake in Travelers Companies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,792,540 shares of the insurance provider’s stock worth $377,953,000 after purchasing an additional 32,430 shares in the last quarter. Legal & General Group Plc grew its stake in Travelers Companies by 2.8% in the third quarter. Legal & General Group Plc now owns 1,656,665 shares of the insurance provider’s stock worth $202,985,000 after purchasing an additional 44,566 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Travelers Companies by 2.4% in the third quarter. Parametric Portfolio Associates LLC now owns 1,561,234 shares of the insurance provider’s stock worth $191,282,000 after purchasing an additional 36,402 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Travelers Companies by 57.2% in the fourth quarter. Deutsche Bank AG now owns 1,491,661 shares of the insurance provider’s stock worth $202,322,000 after purchasing an additional 542,744 shares in the last quarter. Hedge funds and other institutional investors own 79.42% of the company’s stock.
Travelers Companies (TRV) traded down $2.98 during trading hours on Friday, hitting $138.41. The company had a trading volume of 1,080,956 shares, compared to its average volume of 2,050,658. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $37,885.92, a P/E ratio of 18.85, a P/E/G ratio of 1.86 and a beta of 1.29. Travelers Companies has a 12 month low of $113.76 and a 12 month high of $150.55.
Travelers Companies (NYSE:TRV) last posted its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The firm had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the prior year, the firm posted $3.20 earnings per share. Travelers Companies’s quarterly revenue was up 3.6% on a year-over-year basis. equities research analysts predict that Travelers Companies will post 10.59 earnings per share for the current year.
Travelers Companies announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 9th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.08%. Travelers Companies’s payout ratio is 39.40%.
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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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