On Tuesday February 17th, Citigroup equity researchers upgraded its rating of Travelers Companies to a neutral from a sell rating. The Travelers Companies reported its fourth quarter earnings last month on 22nd January. The company posted earnings of $3.07 per share for the quarter surpassing Thomas Reuter’s analyst’s expectation of $2.45 earnings per share. Analyst also estimated that the company will report a fiscal year earnings per share of $9.49.
Lately, Travelers Companies Inc. (NYSE:TRV) has also declared its quarterly dividend to be paid on Tuesday 31st march to the investors of record on Tuesday march 10,shareholders will be given a dividend of $0.55 against each share they hold. This altogether makes it $2.20 dividend on an annual basis with annual yield of 2.04%.
Several analysts also covered traveler’s companies shares. Deutsche Bank analysts raise their target price on the company’s shares to $100 from previous price target of $95. In a research note on 26th January, Deutsche Bank gave TRV a hold rating.
Keefe Bruyette & Woods analysts reiterated its hold rating and raised its price target from previous $95 to $105 on traveler’s companies stock on January 23rd research note.
Zacks analysts reiterated its neutral rating and placed a $114 target price on TRV stocks on 23rd January research note. Lastly, MKM Partners analysts increased their target price on TRV shares to $105 from previous price target of $95 and rated it as a neutral.
Out of 16 equity research analysts having coverage on stock of travelers companies. One has given the stock a sell rating; twelve has rated the stock a Hold and remaining three has assigned a Buy rating to the company. On an average, the stock has a Hold rating and average price target of $105.21.
On Thursday 2nd February, Brian W. Maclean, Chief Operating Officer of TRV sold 3,600 shares. These shares of the company were sold at the price of $107.3 and worth $388,548.
The company’s stock price stood at of $108 at market close on Tuesday February 17, with 30-days mean volume of 2.12 million shares. The American insurance company has a 52-week low of $82.32, and a 52-week high of $108.53, with market cap of $34.71 billion and price to earnings ratio of 10.08.
Travelers Companies Inc. (NYSE:TRV) together with its subsidiaries is involved in offering a wide range of personal and commercial property and other casualty insurance products to the business.