Company Update (NYSE:TRV): A.M. Best Assigns Indicative Ratings to The Travelers Companies, Inc.’s New Shelf Registration

[Business Wire] – A.M. Best has assigned indicative issue ratings of “a+” to senior unsecured debt, “a” to subordinated debt and “a-” to preferred stock of the recently filed shelf registration of The Travelers Companies, Inc. Read more on this. The Travelers Companies, Inc. (TRV) , valued at $32.71B, started the session at $113.07. Today, shares have traded between $111.33 and $113.10 per share with its 52-week range being $95.21 to $118.28. TRV shares are currently priced at 11.81x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.80x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.68 per share annually in dividends, yielding 2.37%. In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $2.19 per share, which would be $0.33 worse than the year-ago quarter and a $0.08 sequential decrease. The full-year EPS estimate is $9.55, which would be a $1.32 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.37 Billion. If realized, that would be a 3.24% increase over the year-ago quarter. In terms of ratings, Piper Jaffray Initiated TRV at Neutral (Jul 17, 2015). Previously, BofA/Merrill upgraded TRV from Neutral to Buy. The average price target for TRV shares is $112.68, which is 0.34% below where the stock opened this morning. See more in (NYSE:TRV) Similar Articles: Company Update (NYSE:TRV): Travelers Schedules Conference Call to Review Second Quarter 2016 Results Market Update: The Travelers Companies Inc (NYSE:TRV) – Travelers Announces 2016 Personal Insurance Agents of the Year Company Update: The Travelers Companies Inc (NYSE:TRV) – Travelers Reports First Quarter Net and Operating Income of $2.30 and $2.33 per Diluted Share, Respectively, Including Catastrophe Losses of $0.69 per Diluted Share