The Travelers Cos. (NYSE:TRV) has been given a consensus recommendation of “Hold” by the thirteen research firms that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $115.88.
A number of analysts have weighed in on the company. Citigroup Inc. restated a “neutral” rating on shares of The Travelers Cos. in a research note on Tuesday, June 21st. Royal Bank Of Canada raised their price objective on The Travelers Cos. from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, July 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $120.00 price objective (up previously from $117.00) on shares of The Travelers Cos. in a report on Tuesday, July 12th. Credit Suisse Group AG set a $111.00 price objective on The Travelers Cos. and gave the stock a “hold” rating in a report on Monday, September 12th. Finally, Zacks Investment Research lowered The Travelers Cos. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th.
In related news, Director Philip T. Ruegger III purchased 1,700 shares of The Travelers Cos. stock in a transaction dated Wednesday, August 10th. The stock was bought at an average cost of $117.95 per share, for a total transaction of $200,515.00. Following the transaction, the director now owns 20,126 shares in the company, valued at $2,373,861.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Jay S. Benet sold 5,797 shares of The Travelers Cos. stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $116.64, for a total transaction of $676,162.08. Following the sale, the insider now owns 71,352 shares of the company’s stock, valued at $8,322,497.28. The disclosure for this sale can be found here. 1.34% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Cohen & Steers Inc. increased its stake in The Travelers Cos. by 573,761.8% in the second quarter. Cohen & Steers Inc. now owns 6,312,480 shares of the company’s stock worth $672,090,000 after buying an additional 6,311,380 shares during the last quarter. Bank of Montreal Can bought a new stake in The Travelers Cos. during the second quarter worth about $374,228,000. UBS Asset Management Americas Inc. increased its stake in The Travelers Cos. by 32.7% in the first quarter. UBS Asset Management Americas Inc. now owns 2,236,907 shares of the company’s stock worth $261,070,000 after buying an additional 551,568 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in The Travelers Cos. by 46.7% in the second quarter. TIAA CREF Investment Management LLC now owns 1,606,286 shares of the company’s stock worth $191,212,000 after buying an additional 511,608 shares during the last quarter. Finally, Norges Bank bought a new stake in The Travelers Cos. during the fourth quarter worth about $54,470,000. Institutional investors own 80.13% of the company’s stock.
The Travelers Cos. (NYSE:TRV) traded up 0.61% during trading on Friday, reaching $114.56. The company had a trading volume of 518,878 shares. The stock has a market capitalization of $33.03 billion, a price-to-earnings ratio of 11.03 and a beta of 1.07. The firm has a 50-day moving average of $116.60 and a 200-day moving average of $115.15. The Travelers Cos. has a 1-year low of $97.18 and a 1-year high of $119.32.
The Travelers Cos. (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 21st. The company reported $2.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.05. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The company had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the firm earned $2.52 earnings per share. The Travelers Cos.’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that The Travelers Cos. will post $9.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Wednesday, September 7th. The Travelers Cos.’s dividend payout ratio is presently 25.92%.
About The Travelers Cos.
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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