The Travelers Companies, Inc. (NYSE:TRV) has been assigned a consensus recommendation of “Hold” from the twenty-two brokerages that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $129.38.
A number of research analysts recently commented on TRV shares. Zacks Investment Research downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. ValuEngine raised The Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. increased their price target on The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Credit Suisse Group reduced their price target on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Finally, UBS AG reduced their price target on The Travelers Companies from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 19th.
The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the business posted $2.40 EPS. The Travelers Companies’s quarterly revenue was up 4.2% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, December 8th. The Travelers Companies’s dividend payout ratio (DPR) is 33.45%.
The Travelers Companies announced that its Board of Directors has initiated a stock repurchase program on Monday, September 11th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
In related news, Vice Chairman Jay S. Benet sold 5,518 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $129.35, for a total value of $713,753.30. Following the sale, the insider now directly owns 82,824 shares in the company, valued at approximately $10,713,284.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jay S. Benet sold 16,566 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total value of $2,153,745.66. Following the completion of the sale, the insider now owns 93,872 shares in the company, valued at $12,204,298.72. The disclosure for this sale can be found here. In the last three months, insiders sold 30,409 shares of company stock worth $3,943,124. Company insiders own 0.82% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bradley Foster & Sargent Inc. CT increased its position in The Travelers Companies by 9.5% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 36,165 shares of the insurance provider’s stock valued at $4,431,000 after acquiring an additional 3,151 shares during the period. Swiss National Bank increased its position in The Travelers Companies by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,029,616 shares of the insurance provider’s stock valued at $126,149,000 after acquiring an additional 8,400 shares during the period. Advisor Partners LLC increased its position in The Travelers Companies by 4.8% in the 3rd quarter. Advisor Partners LLC now owns 10,317 shares of the insurance provider’s stock valued at $1,264,000 after acquiring an additional 473 shares during the period. Joel Isaacson & Co. LLC acquired a new stake in The Travelers Companies in the 3rd quarter valued at approximately $370,000. Finally, Boston Partners increased its position in The Travelers Companies by 2.3% in the 3rd quarter. Boston Partners now owns 930,104 shares of the insurance provider’s stock valued at $113,957,000 after acquiring an additional 20,771 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.
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The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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