Market Update: The Travelers Companies Inc (NYSE:TRV) – Travelers Announces 2016 Personal Insurance Agents of the Year

[Business Wire] – The Travelers Companies, Inc. recently presented its Agent of the Year Award to 10 of the company’s leading Personal Insurance independent agents. They were recognized for providing outstanding customer service, achieving long-term profitable growth and for their commitment to Travelers. Read more on this. The Travelers Companies, Inc. (TRV) , with a current market cap of $32.38B, opened this morning at $110.39. Looking at the equity, the company’s one day range is $110.27 to $111.16 with its 52-week range being $95.21 to $118.28. TRV shares are currently priced at 11.59x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.89x earnings multiple. And for passive income investors, the company pays shareholders $2.68 per share annually in dividends, yielding 2.43%. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $2.22 per share, which would be $0.30 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $9.57, which would be a $1.30 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.29 Billion. If realized, that would be a 1.94% 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. Given all the information above, we should disclose to readers that the average price target is $112.74, which is 2.13% above than it opened this morning. See more in (NYSE:TRV) Similar Articles: 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 Stock Update: The Travelers Companies Inc (NYSE:TRV) – Michael Casella Joins Travelers as Senior Vice President, International Insurance Company Update: The Travelers Companies Inc (NYSE:TRV) – Travelers Named a 2016 Top 100 Military Friendly® Employer