Brokerages Set The Travelers Companies, Inc. (NYSE:TRV) Price Target at $354.26

The Travelers Companies, Inc. (NYSE:TRV) has received a consensus recommendation of “Hold” from the twenty-six analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and four have issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $354.2632.

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Mizuho upped their price target on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, August 20th. Finally, Morgan Stanley boosted their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st.

Travelers Companies Stock Performance

Shares of TRV stock opened at $366.31 on Friday. The company’s fifty day simple moving average is $359.66 and its 200-day simple moving average is $321.44. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. Travelers Companies has a 52 week low of $252.26 and a 52 week high of $398.70. The company has a market cap of $76.40 billion, a PE ratio of 9.81, a P/E/G ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm’s revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $6.51 earnings per share. As a group, equities research analysts anticipate that Travelers Companies will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s payout ratio is 13.39%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 6,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00. Following the completion of the transaction, the executive vice president directly owned 118,742 shares of the company’s stock, valued at $43,917,916.12. This represents a 4.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the sale, the executive vice president owned 9,213 shares of the company’s stock, valued at $3,393,884.94. This represents a 63.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,667 shares of company stock worth $21,830,989 over the last three months. Insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its position in shares of Travelers Companies by 32,139.3% during the second quarter. California State Teachers Retirement System now owns 110,690,887 shares of the insurance provider’s stock worth $36,541,276,000 after buying an additional 110,347,546 shares in the last quarter. BlackRock Inc. acquired a new stake in Travelers Companies in the second quarter valued at $6,915,909,000. Legal & General Group Plc acquired a new stake in Travelers Companies in the second quarter valued at $799,601,000. Bank of America Corp DE bought a new position in Travelers Companies during the 2nd quarter valued at $932,142,000. Finally, Norges Bank bought a new position in Travelers Companies during the 4th quarter valued at $723,339,000. Institutional investors and hedge funds 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.