Brokerages Set The Travelers Companies, Inc. (NYSE:TRV) Target Price at $247.45

The Travelers Companies, Inc. (NYSE:TRV) has been given an average recommendation of “Hold” by the twenty-three research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $247.90.

Several brokerages have commented on TRV. The Goldman Sachs Group upped their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday, October 22nd. UBS Group raised their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total value of $2,561,700.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at $5,840,163.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $5,840,163.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,479 shares of company stock worth $15,434,526. Insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of institutional investors and hedge funds have recently made changes to their positions in TRV. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC grew its stake in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares in the last quarter. Finally, Tributary Capital Management LLC bought a new position in shares of Travelers Companies in the 1st quarter valued at $45,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 1.5 %

Shares of Travelers Companies stock opened at $248.67 on Wednesday. The business has a fifty day simple moving average of $237.49 and a 200 day simple moving average of $220.96. The stock has a market cap of $56.94 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a 12 month low of $161.55 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.95 EPS. Research analysts predict that Travelers Companies will post 18.53 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is presently 31.20%.

About Travelers Companies

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.