The Travelers Cos. (NYSE:TRV)‘s stock had its “equal weight” rating reiterated by analysts at Barclays PLC in a research note issued 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 target price suggests a potential downside of 4.85% from the company’s previous close.
TRV has been the topic of a number of other reports. Citigroup Inc. reiterated a “neutral” rating on shares of The Travelers Cos. in a research report on Tuesday, June 21st. Royal Bank Of Canada boosted their target price on The Travelers Cos. from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, July 22nd. BMO Capital Markets reiterated a “market perform” rating and issued a $120.00 target price (up from $117.00) on shares of The Travelers Cos. in a research report on Tuesday, July 12th. Credit Suisse Group AG set a $111.00 target price on The Travelers Cos. and gave the stock a “hold” rating in a research report on Monday, September 12th. Finally, Zacks Investment Research downgraded The Travelers Cos. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. 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. The stock currently has an average rating of “Hold” and a consensus price target of $116.75.
The Travelers Cos. (NYSE:TRV) opened at 114.55 on Friday. The company has a market capitalization of $33.02 billion, a price-to-earnings ratio of 11.03 and a beta of 1.07. The stock’s 50 day moving average price is $116.49 and its 200 day moving average price is $115.16. The Travelers Cos. has a 12 month low of $100.48 and a 12 month high of $119.32.
The Travelers Cos. (NYSE:TRV) last posted its earnings results on Thursday, July 21st. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.05. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.37 billion. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.52 earnings per share. Equities research analysts anticipate that The Travelers Cos. will post $9.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were paid a $0.67 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $2.68 annualized dividend and a yield of 2.34%. The Travelers Cos.’s dividend payout ratio (DPR) is currently 25.92%.
In related news, CFO Jay S. Benet sold 5,797 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $118.12, for a total value of $684,741.64. Following the transaction, the chief financial officer now owns 71,352 shares of the company’s stock, valued at $8,428,098.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Douglas K. Russell sold 2,698 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $117.17, for a total value of $316,124.66. Following the completion of the transaction, the senior vice president now directly owns 19,727 shares in the company, valued at approximately $2,311,412.59. The disclosure for this sale can be found here. 1.34% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. James Investment Research Inc. boosted its position in shares of The Travelers Cos. by 2.9% in the second quarter. James Investment Research Inc. now owns 839,004 shares of the company’s stock valued at $99,875,000 after buying an additional 23,369 shares during the period. Legacy Private Trust Co. boosted its position in shares of The Travelers Cos. by 4.6% in the second quarter. Legacy Private Trust Co. now owns 60,095 shares of the company’s stock valued at $7,154,000 after buying an additional 2,616 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of The Travelers Cos. during the first quarter valued at about $5,690,000. Envestnet Asset Management Inc. boosted its position in shares of The Travelers Cos. by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 235,251 shares of the company’s stock valued at $27,456,000 after buying an additional 857 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in shares of The Travelers Cos. by 15.2% in the first quarter. First Republic Investment Management Inc. now owns 512,899 shares of the company’s stock valued at $59,860,000 after buying an additional 67,765 shares during the period. 80.13% of the stock is currently owned by institutional investors.
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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