The price of The Travelers Companies Inc. (NYSE:TRV) shares last traded on Wall Street fell -0.70% to $171.10.
Based on available information, 25 analysts follow The Travelers Companies Inc. (NYSE:TRV). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $230.00 and a low of $168.00, we find $190.00. Given the previous closing price of $172.31, this indicates a potential upside of 10.27 percent. TRV stock price is now -1.34% away from the 50-day moving average and -4.62% away from the 200-day moving average. The market capitalization of the company currently stands at $39.54B.
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Among analysts, 13 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $192.47 as their price target over the next twelve months.
With the price target of $185, Morgan Stanley recently initiated with Equal-Weight rating for The Travelers Companies Inc. (NYSE: TRV).
In other news, Klein Michael Frederick, EVP & President, Personal Ins. sold 10,000 shares of the company’s stock on Jul 24. The stock was sold for $1,750,479 at an average price of $175.05. Upon completion of the transaction, the EVP & President, Personal Ins. now directly owns 14,080 shares in the company, valued at $2.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10, EVP & President, Personal Ins. Klein Michael Frederick sold 10,246 shares of the business’s stock. A total of $1,873,435 was realized by selling the stock at an average price of $182.85. This leaves the insider owning 14,080 shares of the company worth $2.41 million. Insiders disposed of 512,425 shares of company stock worth roughly $87.68 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TRV stock. A new stake in The Travelers Companies Inc. shares was purchased by VIKING GLOBAL INVESTORS LP during the first quarter worth $64,735,000. PROSHARE ADVISORS LLC invested $38,122,000 in shares of TRV during the first quarter. In the first quarter, JANNEY MONTGOMERY SCOTT LLC acquired a new stake in The Travelers Companies Inc. valued at approximately $31,910,000. GILLSON CAPITAL LP acquired a new stake in TRV for approximately $31,008,000. VERITION FUND MANAGEMENT LLC purchased a new stake in TRV valued at around $18,336,000 in the second quarter.
A candlestick chart of The Travelers Companies Inc. (NYSE: TRV) showed a price of $171.95 on Wednesday morning. During the past 12 months, The Travelers Companies Inc. has had a low of $149.65 and a high of $194.51. According to the stock market information, the enterprise value for the company is $46.88B, which is based on a 18.19 price-to-earnings ratio, a 1.32 price-to-earnings-growth ratio, and a beta of 0.60. The fifty day moving average price for TRV is $173.17 and a two-hundred day moving average price translates $179.41 for the stock.
The net profit margin was 5.70% and return on equity was 10.30% for TRV. For the current quarter, analysts expect TRV to generate $850.11B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2023. Investors who held shares on 09/08/2023 were paid a $1.00 dividend. On an annualized basis, this represents a $4.00 dividend and a 2.34% percent yield. There was an ex-dividend date of 09/07/2023 for this dividend. In terms of dividend payout ratio, TRV is presently at 39.10%.
