The Travelers Companies, Inc. (NYSE:TRV) Receives Average Recommendation of “Hold” from Brokerages

Shares of The Travelers Companies, Inc. (NYSE:TRV) have received an average rating of “Hold” from the twenty brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $294.25.

A number of equities analysts recently weighed in on TRV shares. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. UBS Group boosted their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Piper Sandler increased their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Morgan Stanley raised their price objective on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th.

Travelers Companies Stock Performance

Shares of TRV stock opened at $292.03 on Monday. The stock’s 50-day moving average price is $282.99 and its 200 day moving average price is $273.54. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $65.14 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 2.87 and a beta of 0.53. Travelers Companies has a 52-week low of $230.23 and a 52-week high of $296.85.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $5.24 EPS. As a group, equities research analysts forecast that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is currently 17.30%.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the sale, the insider directly owned 255,086 shares in the company, valued at approximately $73,337,225. The trade was a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 46,295 shares of company stock worth $13,011,918. 1.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Travelers Companies by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after acquiring an additional 313,449 shares during the period. JPMorgan Chase & Co. raised its holdings in Travelers Companies by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock worth $2,162,917,000 after purchasing an additional 119,481 shares during the last quarter. Geode Capital Management LLC boosted its position in Travelers Companies by 1.0% during the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock worth $1,481,805,000 after purchasing an additional 54,363 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after purchasing an additional 3,611,758 shares during the last quarter. Finally, Norges Bank acquired a new stake in Travelers Companies in the second quarter valued at $815,013,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.