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

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been given an average recommendation of “Hold” by the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $309.1333.

A number of research firms have recently commented on TRV. UBS Group reissued a “neutral” rating on shares of Travelers Companies in a research note on Monday, February 2nd. BMO Capital Markets boosted their price objective on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Bank of America dropped their price objective on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, Brean Capital began coverage on Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock.

Insiders Place Their Bets

In related news, insider Avrohom J. Kess sold 6,735 shares of Travelers Companies stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, the insider directly owned 48,737 shares in the company, valued at $15,049,010.86. The trade was a 12.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the transaction, the executive vice president owned 5,298 shares in the company, valued at $1,607,678.10. The trade was a 35.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 27,573 shares of company stock worth $8,427,646. Corporate insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds have recently modified their holdings of the stock. Spinnaker Trust grew its holdings in shares of Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after acquiring an additional 33 shares during the last quarter. Cim LLC grew its holdings in shares of Travelers Companies by 0.4% during the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after buying an additional 34 shares in the last quarter. Avalon Trust Co grew its holdings in shares of Travelers Companies by 0.4% during the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after buying an additional 35 shares in the last quarter. Haverford Trust Co grew its holdings in shares of Travelers Companies by 0.7% during the fourth quarter. Haverford Trust Co now owns 5,210 shares of the insurance provider’s stock valued at $1,511,000 after buying an additional 35 shares in the last quarter. Finally, Sumitomo Life Insurance Co. grew its holdings in shares of Travelers Companies by 0.7% during the fourth quarter. Sumitomo Life Insurance Co. now owns 5,236 shares of the insurance provider’s stock valued at $1,519,000 after buying an additional 35 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.1%

TRV opened at $306.67 on Thursday. Travelers Companies has a one year low of $249.19 and a one year high of $313.12. 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’s fifty day moving average is $299.54 and its 200-day moving average is $293.26. The company has a market capitalization of $65.21 billion, a PE ratio of 9.12, a P/E/G ratio of 2.76 and a beta of 0.50.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the previous year, the business earned $1.91 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Travelers Companies will post 28.03 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is presently 13.09%.

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.