Analysts Set The Travelers Companies, Inc. (NYSE:TRV) Price Target at $261.05

Shares of The Travelers Companies, Inc. (NYSE:TRV) have been given an average recommendation of “Hold” by the twenty-three research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $261.05.

A number of equities analysts recently weighed in on TRV shares. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Tuesday, December 10th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, BMO Capital Markets raised their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th.

Travelers Companies Stock Performance

NYSE:TRV opened at $260.77 on Tuesday. The business’s 50-day moving average price is $243.60 and its two-hundred day moving average price is $243.72. Travelers Companies has a twelve month low of $200.21 and a twelve month high of $269.55. The stock has a market cap of $59.12 billion, a P/E ratio of 12.15, a PEG ratio of 4.65 and a beta of 0.64. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $7.01 EPS. As a group, equities analysts predict that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds have recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after purchasing an additional 41 shares in the last quarter. Quent Capital LLC boosted its position in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after purchasing an additional 43 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in shares of Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 44 shares in the last quarter. Somerset Trust Co raised its stake in Travelers Companies by 5.2% during the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after buying an additional 45 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake in Travelers Companies by 3.8% during the third quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock valued at $294,000 after buying an additional 46 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.