The Travelers Companies, Inc. (NYSE:TRV) has been given an average rating of “Moderate Buy” by thirteen brokerage firms that cover the company. Of the thirteen analysts, seven have rated the stock as hold, five have given it a buy rating, and one has issued a strong buy rating.
The average twelve-month target price among analysts who have recently updated their coverage on the stock is $196.92.
Several research firms have recently issued reports on TRV. StockNews.com initiated coverage on Travelers Companies with a “hold” rating on August 17th. Piper Sandler lowered their price target on the stock to $176.00 from $208.00 in a report on July 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $185.00 price target on the stock on July 21st. Royal Bank of Canada raised their price target from C$183.00 to C$185.00 on July 20th. Lastly, JPMorgan Chase & Co. raised their price target from $185.00 to $194.00 on July 6th.
Shares of TRV stock opened at $166.85 on Tuesday. The company has a 50-day moving average price of $166.43 and a 200-day moving average price of $172.00. Travelers Companies has a 52-week low of $149.65 and a 52-week high of $194.51. The company has a market capitalization of $38.20 billion, a PE ratio of 17.77, a P/E/G ratio of 1.39, and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33, and a debt-to-equity ratio of 0.37.
Travelers Companies last reported quarterly earnings data on July 20th. The insurance provider reported earnings per share (EPS) of $0.06 for the quarter, missing analysts’ consensus estimates of $2.05. The company had revenue of $10.10 billion during the quarter, compared to analysts’ expectations of $9.97 billion. Travelers Companies had a return on equity of 10.75% and a net margin of 5.77%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year, with earnings per share of $2.57.
The firm also recently declared a quarterly dividend, which will be paid on September 29th to shareholders of record on September 8th. The dividend is $1.00 per share, representing an annualized dividend of $4.00 and a yield of 2.40%. The ex-dividend date is September 7th.
In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock on July 24th at an average price of $175.05, for a total value of $1,750,500. Following the sale, the executive vice president now owns 14,080 shares of the company’s stock.
As of now, 81.12% of the stock is owned by institutional investors.
Definitions:
Stock rating: A judgment of a particular stock’s expected performance and suitability for investment, given its potential return and level of risk.
Target price: The price at which an analyst believes a stock is fairly valued.
Moving average: A commonly used statistical calculation that analyzes data points by creating a sequence of averages.
Market capitalization: The total value of a company’s outstanding shares of stock, calculated by multiplying the share price by the number of shares.
PE ratio: A valuation ratio that compares a company’s stock price to its earnings per share.
EPS: Earnings per share is the portion of a company’s profit allocated to each outstanding share of common stock.
Dividend: A payment made by a corporation to its shareholders, usually a portion of the company’s profits.
Net margin: The percentage of revenue left after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company’s total revenue.
Beta: A measure of the volatility, or systematic risk, of a security or a portfolio compared to the market as a whole.
Quick ratio: A liquidity ratio that measures a company’s ability to use its near cash or quick assets to extinguish its current liabilities immediately.
Current ratio: A liquidity ratio that measures a company’s ability to pay off its short-term obligations with its short-term assets.
Debt-to-equity ratio: A financial ratio that indicates the relative proportion of equity and debt used to finance a company’s assets.
Institutional investors: Organizations that pool large sums of money and invest those sums in securities, real property, and other investment assets.
Sources:
Marketbeat.com – No URL available
StockNews.com – No URL available
Piper Sandler – No URL available
Morgan Stanley – No URL available
Royal Bank of Canada – No URL available
JPMorgan Chase & Co. – No URL available
