Analysts Set The Travelers Companies, Inc. (NYSE:TRV) Price Target at $309.13

The Travelers Companies, Inc. (NYSE:TRV) has received a consensus rating of “Hold” from the twenty-one research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $309.1333.

A number of brokerages have recently commented on TRV. UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Cantor Fitzgerald lifted their price objective on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Brean Capital began coverage on Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating for the company. BMO Capital Markets lifted their price objective on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $306.67 on Thursday. The company has a market cap of $65.21 billion, a P/E ratio of 9.12, a P/E/G ratio of 2.76 and a beta of 0.50. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. Travelers Companies has a 52 week low of $249.19 and a 52 week high of $313.12. The business has a fifty day simple moving average of $299.45 and a 200-day simple moving average of $292.87.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. Equities research analysts forecast that Travelers Companies will post 28.03 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.09%.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.77, for a total value of $3,037,700.00. Following the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,707,621.25. This trade represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,573 shares of company stock valued at $8,427,646 in the last 90 days. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arbejdsmarkedets Tillaegspension bought a new position in Travelers Companies during the 4th quarter valued at $24,167,000. Varma Mutual Pension Insurance Co boosted its stake in Travelers Companies by 21.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock valued at $13,472,000 after purchasing an additional 8,600 shares in the last quarter. Peregrine Asset Advisers Inc. bought a new position in Travelers Companies during the 3rd quarter valued at $7,955,000. National Pension Service boosted its stake in Travelers Companies by 1.8% during the 3rd quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock valued at $208,545,000 after purchasing an additional 13,120 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its stake in Travelers Companies by 24.9% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock valued at $9,737,000 after purchasing an additional 6,954 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

About Travelers Companies

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.