The Travelers Cos. (NYSE:TRV)‘s stock had its “equal weight” rating reiterated by Barclays PLC in a note issued to investors on Saturday. They presently have a $109.00 target price on the stock, up from their previous target price of $105.00. Barclays PLC’s price target indicates a potential downside of 4.85% from the stock’s current price.
Several other equities analysts also recently issued reports on the stock. Bank of America Corp. raised shares of The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 price target for the company in a report on Tuesday, June 28th. They noted that the move was a valuation call. Credit Suisse Group AG set a $111.00 price target on shares of The Travelers Cos. and gave the company a “hold” rating in a report on Monday, September 12th. Zacks Investment Research raised shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. BMO Capital Markets reissued a “market perform” rating and set a $120.00 price target (up previously from $117.00) on shares of The Travelers Cos. in a report on Tuesday, July 12th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of The Travelers Cos. in a report on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The Travelers Cos. has a consensus rating of “Hold” and a consensus price target of $116.75.
The Travelers Cos. (NYSE:TRV) opened at 114.55 on Friday. The firm has a market capitalization of $33.02 billion, a price-to-earnings ratio of 11.03 and a beta of 1.07. The Travelers Cos. has a 52-week low of $100.48 and a 52-week high of $119.32. The company’s 50-day moving average is $116.49 and its 200-day moving average is $115.16.
The Travelers Cos. (NYSE:TRV) last released its quarterly earnings data on Thursday, July 21st. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.05. The firm earned $6.79 billion during the quarter, compared to the consensus estimate of $6.37 billion. The Travelers Cos. had a net margin of 11.70% and a return on equity of 13.06%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.52 earnings per share. Equities analysts predict that The Travelers Cos. will post $9.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Wednesday, September 7th. The Travelers Cos.’s dividend payout ratio (DPR) is presently 25.92%.
In other The Travelers Cos. news, Vice Chairman Jay S. Benet sold 5,797 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $116.21, for a total value of $673,669.37. Following the sale, the insider now directly owns 71,352 shares in the company, valued at $8,291,815.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andy F. Bessette sold 8,554 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $117.58, for a total transaction of $1,005,779.32. Following the completion of the sale, the executive vice president now owns 14,659 shares in the company, valued at $1,723,605.22. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of TRV. First Financial Bank N.A. Trust Division increased its stake in The Travelers Cos. by 0.3% in the second quarter. First Financial Bank N.A. Trust Division now owns 2,306 shares of the company’s stock valued at $275,000 after buying an additional 6 shares during the last quarter. YHB Investment Advisors Inc. increased its stake in The Travelers Cos. by 0.4% in the second quarter. YHB Investment Advisors Inc. now owns 1,975 shares of the company’s stock valued at $235,000 after buying an additional 8 shares during the last quarter. NBT Bank N A NY increased its stake in The Travelers Cos. by 0.6% in the second quarter. NBT Bank N A NY now owns 1,772 shares of the company’s stock valued at $211,000 after buying an additional 10 shares during the last quarter. Cypress Wealth Advisors LLC increased its stake in The Travelers Cos. by 0.3% in the first quarter. Cypress Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $510,000 after buying an additional 11 shares during the last quarter. Finally, Keeley Asset Management Corp increased its stake in The Travelers Cos. by 0.5% in the second quarter. Keeley Asset Management Corp now owns 3,438 shares of the company’s stock valued at $409,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.
The Travelers Cos. Company Profile
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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