Economy

Brokers Change Their Target Price On The Travelers Companies, Inc. (NYSE:TRV)

Brokers Change Their Target Price On The Travelers Companies, Inc. (NYSE:TRV)”

State of Wisconsin Investment Board owned about 0.09% of The Travelers Companies worth $31,176,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company.

The Travelers Companies, Inc.is a holding company.

The company is expected to report earnings of $2.04 a share for the next quarter. State Street Corp boosted its holdings in The Travelers Companies by 1.6% during the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider's stock valued at $795,148,000 after purchasing an additional 1,954,573 shares during the last quarter. Vanguard Group has an ownership of 21,551,932 stocks of the insurance provider's shares valued at $2,597,871,000 following acquiring an extra 633,510 shares through out the previous quarter, BlackRock grew its stake in The Travelers Companies by 2,395.6% during the Q1. Finally, Lincoln National Corp bought a new stake in shares of The Travelers Companies in the 1st quarter valued at $275,000.

A number of brokerages recently weighed in on TRV. Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Barclays PLC restated an "equal weight" rating and issued a $109.00 price objective (up from $105.00) on shares of The Travelers Cos.in a report on Saturday, October 1st.

In early trading on Monday, shares of Travelers Companies topped the list of the day's best performing Dow Jones Industrial Average components, trading up 3.5%. Finally, William Blair lowered shares of The Travelers Cos. from a "market perform" rating to an "underperform" rating in a report on Thursday, November 17th. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".

In related news, Vice Chairman Jay S. Benet sold 5,518 shares of the business's stock in a transaction that occurred on Monday, June 19th. Following the completion of the transaction, the director now directly owns 22,443 shares of the company's stock, valued at approximately $2,405,665.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Currently, the stock carries a price to earnings ratio of 22.67, a price to book ratio of 6.02, and a price to sales ratio of 3.12. The disclosure for this sale can be found here. Following the sale, the insider now directly owns 229,254 shares of the company's stock, valued at approximately $26,134,956. Corporate insiders own 1.34% of the company's stock. Goldman Sachs maintained Travelers Companies Inc (NYSE:TRV) rating on Tuesday, April 26. "(TRV)" was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & worldwide copyright laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/09/11/state-of-wisconsin-investment-board-purchases-2000-shares-of-the-travelers-companies-inc-trv.html.

07/25/2017 - The Travelers Companies, Inc. had its "neutral" rating reiterated by analysts at MKM Partners. (NYSE TRV) opened at 119.76 on Monday. The overall volume in the last trading session was 1.41 million shares. The firm has "Buy" rating given on Tuesday, May 23 by RBC Capital Markets. The Travelers Companies, has a 1 year low of $103.45 and a 1 year high of $130.37. (TRV)'s distance from 200 day simple moving average is -2.01 percent, its distance from 50 day simple moving average is -4.98 percent, while its distance from 20 day simple moving average is -3.93 percent.

The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, July 20th. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the company posted $2.90 earnings per share. The Travelers Cos.'s revenue for the quarter was up 7.7% compared to the same quarter a year ago. Equities research analysts anticipate that The Travelers Companies, Inc. will post $8.89 EPS for the current year. Stockholders of record on Friday, September 8th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. At present, 2 analysts call it Sell, while 14 think it is Hold. The Travelers Companies's dividend payout ratio (DPR) is presently 28.77%.

06/19/2017 - The Travelers Companies, Inc. was downgraded to "neutral" by analysts at Bank of America Merrill Lynch. The Company's segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. 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.



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