The Travelers Companies, Inc. (NYSE:TRV) Receives $304.33 Average Price Target from Analysts

Shares of The Travelers Companies, Inc. (NYSE:TRV) have received a consensus rating of “Hold” from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $304.3333.

A number of equities research analysts have recently commented on TRV shares. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Jefferies Financial Group raised Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Roth Mkm lifted their price target on Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Brean Capital began coverage on shares of Travelers Companies in a research note on Thursday. They set a “neutral” rating for the company. Finally, Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, February 9th.

Insider Transactions at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 16,712 shares of Travelers Companies stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total value of $4,675,516.24. Following the transaction, the executive vice president owned 6,075 shares in the company, valued at approximately $1,699,602.75. This trade represents a 73.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $301.18, for a total value of $3,011,800.00. Following the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $10,131,092.84. This trade represents a 22.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 92,845 shares of company stock valued at $27,239,631. Corporate insiders own 1.46% of the company’s stock.

Institutional Trading of Travelers Companies

Institutional investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new position in Travelers Companies during the fourth quarter valued at approximately $26,000. Osterweis Capital Management Inc. increased its position in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Travelers Companies in the 2nd quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC raised its stake in shares of Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Finally, Clayton Financial Group LLC acquired a new position in shares of Travelers Companies during the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.2%

Shares of NYSE TRV opened at $302.54 on Friday. The firm has a market cap of $65.42 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 2.81 and a beta of 0.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 1 year low of $230.43 and a 1 year high of $313.12. The firm’s 50 day moving average price is $292.03 and its 200 day moving average price is $284.26.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating the consensus estimate of $8.34 by $2.79. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. During the same period in the previous year, the firm posted $9.15 EPS. Travelers Companies’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s dividend payout ratio is 15.98%.

Travelers Companies announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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.