Travelers Companies Inc (NYSE:TRV) has earned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a 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 $136.79.
Several research firms recently weighed in on TRV. TheStreet downgraded Travelers Companies from a “b” rating to a “c+” rating in a research note on Thursday, July 19th. MKM Partners dropped their price objective on Travelers Companies to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 24th. Zacks Investment Research downgraded Travelers Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. B. Riley raised their price objective on Travelers Companies from $118.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Finally, Citigroup raised their price objective on Travelers Companies from $144.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, July 30th.
TRV opened at $123.65 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $34.72 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. Travelers Companies has a 12 month low of $120.74 and a 12 month high of $150.55.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 19th. The insurance provider reported $1.81 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.62). Travelers Companies had a net margin of 6.89% and a return on equity of 8.84%. The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.35 billion. As a group, research analysts forecast that Travelers Companies will post 9.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Monday, September 10th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, September 7th. Travelers Companies’s payout ratio is 42.31%.
In other Travelers Companies news, EVP Andy F. Bessette sold 8,892 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the completion of the transaction, the executive vice president now owns 10,551 shares of the company’s stock, valued at $1,379,859.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total value of $1,171,632.00. Following the transaction, the insider now directly owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TRV. Squar Milner Financial Services LLC purchased a new position in Travelers Companies during the second quarter worth $100,000. Landaas & Co. WI ADV purchased a new position in Travelers Companies during the second quarter worth $108,000. Acadian Asset Management LLC purchased a new position in Travelers Companies during the second quarter worth $112,000. American National Bank purchased a new position in Travelers Companies during the second quarter worth $117,000. Finally, Summit Trail Advisors LLC increased its position in Travelers Companies by 13,364.7% during the first quarter. Summit Trail Advisors LLC now owns 121,182 shares of the insurance provider’s stock worth $121,000 after buying an additional 120,282 shares in the last quarter. 79.02% of the stock is owned by institutional investors.
Travelers Companies Company Profile
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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