Wells Fargo & Company Analysts Give The Travelers Companies, Inc. (TRV) a $125.00 Price Target
Wells Fargo & Company set a $125.00 target price on The Travelers Companies, Inc. (NYSE:TRV) in a research note released on Tuesday morning. The firm currently has a hold rating on the insurance provider’s stock.
A number of other research firms have also commented on TRV. MKM Partners reissued a neutral rating and issued a $130.00 price target (up from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Credit Suisse Group lowered their price target on The Travelers Companies from $128.00 to $125.00 and set a neutral rating for the company in a research report on Tuesday, September 12th. B. Riley reissued a neutral rating on shares of The Travelers Companies in a research report on Monday, November 6th. Royal Bank Of Canada increased their price target on The Travelers Companies to $140.00 and gave the company an outperform rating in a research report on Friday, October 20th. Finally, Zacks Investment Research raised The Travelers Companies from a sell rating to a hold rating in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $128.54.
The Travelers Companies (TRV) traded down $0.89 during trading on Tuesday, hitting $129.92. The company’s stock had a trading volume of 2,367,329 shares, compared to its average volume of 1,497,834. The company has a market cap of $35,800.00, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.52 and a beta of 1.26. The Travelers Companies has a 52-week low of $110.82 and a 52-week high of $135.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41.
The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the company earned $2.40 earnings per share. The Travelers Companies’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts expect that The Travelers Companies will post 7.09 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.22%. The Travelers Companies’s payout ratio is 33.29%.
The Travelers Companies declared that its board has authorized a stock repurchase program on Monday, September 11th that permits the company to buyback shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other news, EVP Andy F. Bessette sold 2,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total transaction of $265,960.00. Following the completion of the transaction, the executive vice president now owns 8,000 shares in the company, valued at approximately $1,063,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.82% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted its stake in The Travelers Companies by 4.9% in the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 37 shares during the period. Fieldpoint Private Securities LLC bought a new position in The Travelers Companies in the 3rd quarter worth about $106,000. Valeo Financial Advisors LLC bought a new position in The Travelers Companies in the 3rd quarter worth about $108,000. Tradewinds Capital Management LLC boosted its stake in The Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 10 shares during the period. Finally, Intellectus Partners LLC boosted its stake in The Travelers Companies by 4.6% in the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.
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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