According to the information from Bloomberg.com, the sixteen analysts that follow The Travelers Companies, Inc. (NYSE: TRV) stock have given it an average rating of “Hold.” Two of the equities research analysts recommended that the stock be sold, ten recommended that it be held, one recommended that it be purchased, and one recommended that it be purchased strongly. The stock has received ratings within the past year, and analysts who have issued ratings on the stock have set an average one-year target price of $179.93.
Many brokerage houses have recently shown interest in TRV due to its strong performance. Evercore ISI lowered their price target on Travelers Companies shares to $183.00 in a research report published on Thursday, October 20. Royal Bank of Canada increased its target price on Travelers Companies from $165.00 to $180.00 and gave the stock a “sector perform” rating in a research report released on Thursday, October 20. Citigroup increased their price target on Travelers Companies from $179.00 to $181.00 and gave the company a “neutral” rating in a research report published on Thursday, October 20. Morgan Stanley increased their price target on Travelers Companies shares from $175.00 to $190.00 and gave the stock an “equal weight” rating in a Tuesday report. Last but not least, in research published on Thursday, October 20, Raymond James increased their target price on Travelers Companies shares from $185.00 to $200.00. The investment firm also assigned the stock a “strong-buy” rating.
In other news about Travelers Companies, Vice Chairman William H. Heyman sold 1,000 shares of the company’s stock on Monday, October 24. For $180.00 per share, the stock was sold for a total of $180,000.00, making the average price of each share $180.00. Following the completion of the transaction, the insider now has 251,605 shares of the firm, which have a combined worth of around $45,288,900. You may learn more about the transaction revealed in a legal file submitted to the Securities and Exchange Commission by following the link provided above. In other news, Vice Chairman William H. Heyman sold 14,000 shares of the company’s stock on October 31. This was reported in the other piece of news. At an average price of $183.61 per share, the shares were able to bring in a total of $2,570,540.00 after being sold. The business insider is now the direct owner of 251,605 shares of the firm’s stock, which have a value of $46,197,194. This information about the transaction was included in a filing with the SEC, which may be found by following this link.
Additionally, on Monday, October 24, Vice Chairman William H. Heyman sold 1,000 shares of the company’s stock. At an average price of $180.00 per share, the shares were sold for a total of $180,000.00. Because of the transaction, the corporate insider now owns 251,605 company shares, worth a total of $45,288,900. The disclosure for this sale can be found at this location. Within the past three months, business insiders have offloaded 46,516 company stock for a total value of $8,461,942. The total number of shares held by business insiders is 1.07%.
Recently, the number of institutional investors’ TRV holdings has either increased or dropped from their previous levels. Vanguard Group Inc. added 0.3% more shares of Travelers Companies to its holdings during the third quarter. As a result of the acquisition of an additional 61,656 shares during the preceding quarter, Vanguard Group Inc. now holds a total of 21,877,932 shares of the insurance provider’s stock, which has a market value of $3,351,699,000. During the first three months of 2018, State Street Corporation bought an additional 0.9% of shares in Travelers Companies. State Street Corp. now owns 17,450,134 shares of the insurance provider’s stock after making a new purchase of 160,389 shares. The current market value of State Street Corp.’s stock holdings is $3,188,663,000. Price T. Rowe Associates Inc. MD boosted the percentage of Travelers Companies stock it owns by 5.3% during the second quarter. Price T. Rowe Associates Inc. MD now owns a total of 7,376,802 shares of the insurance provider’s stock, which has a market value of $1,247,639,000 following the purchase of an additional 370,993 shares during the most recent quarter. During the first three months of the year, JPMorgan Chase & Co. boosted its holdings in Travelers Companies by 14.7%. After making 460,615 stock purchases during the time frame in question, JPMorgan Chase & Co. now possesses 3,603,296 shares of the insurance provider’s stock, which are currently valued at $658,429,000.
Last but not least, Dimensional Fund Advisors LP added 2.3% more shares to its existing position in Travelers Companies during the third quarter. After making an earlier purchase of 73,104 shares, Dimensional Fund Advisors LP currently has a total of 3,195,030 of the insurance provider’s shares, which are worth a combined total of $489,535,000. Institutional investors and hedge funds currently own 82.39% of the company’s shares.
The NYSE: TRV stock started the trading day on Wednesday at $187.13. The company’s moving average over the past 50 days is $170.12, and its moving average over the past 200 days is $168.04. The ratio of debt to equity is 0.37, the ratio of current assets to equity is 0.34, and the ratio of quick assets to equity is also 0.34. The stock carries a beta value of 0.66, a P/E ratio of 13.68, and a PEG ratio of 2.56. The market capitalization of the company is $43.85 billion. The lowest price that Travelers Companies has been at in the past year is $145.40, and its all-time high is $188.46.
On Wednesday, October 19, Travelers Companies (NYSE: TRV) disclosed the results of its most recent quarterly financial report. The insurance company reported a quarterly profit of $2.20 per share, which was $0.14 less than the consensus forecast of $2.34 per share from industry analysts. The net margin for Travelers Companies was 9.26%, and the company’s return on equity was 14.31%. In comparison to the $8.58 billion anticipated by analysts, the revenue for the quarter came in at $9.20 billion. In the prior year, during the same period, the company generated earnings of $2.60 per share. The revenue for the third quarter climbed by 10.5% compared to the same period last year. Research experts predict that Travelers Companies will generate earnings of 13.13 cents per share during the current fiscal year.
In addition, the business has announced a quarterly dividend, which is scheduled to be distributed on the following Friday, December 30. On Friday, December 9, stockholders of record will be eligible to receive dividend payments totaling $0.93. This translates into a dividend payment of $3.72 per year and a yield of 1.99%. The date that shareholders will no longer receive a dividend is December 8. The dividend payout ratio (also known as the DPR) for Travelers Companies is currently 27.19 percent.