The Goldman Sachs Group Increases Travelers Companies (NYSE:TRV) Price Target to $216.00

Travelers Companies (NYSE:TRV) had its price objective lifted by research analysts at The Goldman Sachs Group from $196.00 to $216.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “sell” rating on the insurance provider’s stock. The Goldman Sachs Group’s price objective suggests a potential downside of 6.58% from the stock’s current price.

Several other research analysts have also issued reports on the stock. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $252.00 to $230.00 in a research report on Monday, July 15th. Finally, Citigroup boosted their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $227.26.

Travelers Companies Trading Up 0.4 %

Shares of NYSE TRV traded up $0.87 during midday trading on Wednesday, hitting $231.21. 112,614 shares of the company traded hands, compared to its average volume of 1,312,263. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $243.48. The stock has a 50-day moving average price of $226.64 and a 200 day moving average price of $218.60. The firm has a market cap of $52.70 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. As a group, analysts expect that Travelers Companies will post 17.16 earnings per share for the current year.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Travelers Companies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after buying an additional 148,012 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after acquiring an additional 3,158,979 shares during the period. Dimensional Fund Advisors LP increased its holdings in Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after acquiring an additional 165,708 shares in the last quarter. Legal & General Group Plc raised its stake in Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after acquiring an additional 37,029 shares during the period. Finally, Boston Partners raised its stake in Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after acquiring an additional 196,011 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.