The Travelers Companies, Inc. (NYSE:TRV) Stock Has Average Target Price of $354.53 According to Analysts

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been assigned a consensus rating of “Hold” from the twenty-five analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and four have assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $354.53.

Several research firms have commented on TRV. Barclays boosted their target price on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Roth Capital raised their price target on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. Wells Fargo & Company upped their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Finally, Cantor Fitzgerald increased their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th.

Insider Activity

In related news, EVP Michael Klein sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Yin sold 7,153 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 58,667 shares of company stock valued at $21,830,989. Company insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Travelers Companies in the 2nd quarter worth approximately $4,447,000. Bank of Nova Scotia bought a new stake in Travelers Companies during the second quarter valued at approximately $19,949,000. Haverford Trust Co purchased a new stake in Travelers Companies during the second quarter valued at approximately $1,723,000. Sumitomo Life Insurance Co. purchased a new stake in Travelers Companies during the second quarter valued at approximately $1,676,000. Finally, OMERS ADMINISTRATION Corp lifted its position in Travelers Companies by 34.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 13,006 shares of the insurance provider’s stock valued at $3,794,000 after purchasing an additional 3,342 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $363.69 on Wednesday. The company has a 50 day simple moving average of $372.50 and a two-hundred day simple moving average of $331.21. Travelers Companies has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The company has a market capitalization of $75.86 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 2.44 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.51 EPS. Analysts expect that Travelers Companies will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

About Travelers Companies

Travelers Companies, Inc is an insurance provider that offers property and casualty coverage to individuals, businesses and organizations. The company operates through three primary segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance.

Its products and services include automobile and homeowners insurance, workers’ compensation, commercial property and casualty coverage, general and professional liability insurance, surety and fidelity bonds, and specialized insurance solutions for industries and businesses with complex risks.