Brokerages Set The Travelers Companies, Inc. (NYSE:TRV) PT at $328.76

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been given a consensus recommendation of “Hold” by the twenty-five brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $331.2105.

Several research analysts have recently issued reports on TRV shares. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Mizuho increased their price target on shares of Travelers Companies from $304.00 to $324.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. HSBC raised their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Finally, TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a research note on Monday.

Travelers Companies Trading Down 1.3%

Shares of TRV stock opened at $336.92 on Friday. The stock has a market capitalization of $71.65 billion, a PE ratio of 10.02, a P/E/G ratio of 3.05 and a beta of 0.46. Travelers Companies has a 1-year low of $249.19 and a 1-year high of $349.35. The business has a 50-day moving average of $311.62 and a 200 day moving average of $300.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results 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 business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the firm earned $1.91 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Travelers Companies will post 28.31 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is currently 14.88%.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the transaction, the insider directly owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 37,573 shares of company stock worth $11,504,146. Insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. raised its position in shares of Travelers Companies by 39.4% in the 2nd quarter. QRG Capital Management Inc. now owns 89,892 shares of the insurance provider’s stock worth $29,675,000 after acquiring an additional 25,395 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Travelers Companies by 4.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 2,586 shares of the insurance provider’s stock worth $858,000 after purchasing an additional 112 shares during the period. Kelly Financial Group LLC grew its stake in Travelers Companies by 20.1% in the second quarter. Kelly Financial Group LLC now owns 1,148 shares of the insurance provider’s stock worth $377,000 after purchasing an additional 192 shares during the period. Sunbeam Capital Management LLC bought a new position in Travelers Companies in the second quarter worth $237,000. Finally, CWA Asset Management Group LLC lifted its position in Travelers Companies by 11.2% during the second quarter. CWA Asset Management Group LLC now owns 3,399 shares of the insurance provider’s stock valued at $1,122,000 after buying an additional 341 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

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.