Royal Bank of Canada Increases Travelers Companies (NYSE:TRV) Price Target to $273.00

Travelers Companies (NYSE:TRV) had its price target raised by equities research analysts at Royal Bank of Canada from $250.00 to $273.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the insurance provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 2.84% from the company’s current price.

Other research analysts have also issued reports about the company. Piper Sandler dropped their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Citigroup lifted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Bank of America upped their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Finally, UBS Group upped their target price on Travelers Companies from $238.00 to $244.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $235.42.

Travelers Companies Price Performance

NYSE TRV opened at $265.45 on Friday. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $269.55. The business’s fifty day moving average is $231.88 and its two-hundred day moving average is $219.59. The stock has a market capitalization of $60.50 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.26 and a beta of 0.62. 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 (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter last year, the company posted $1.95 EPS. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts forecast that Travelers Companies will post 17.09 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. Y.D. More Investments Ltd bought a new stake in Travelers Companies in the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies during the 1st quarter worth approximately $35,000. Beacon Capital Management LLC lifted its position in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in Travelers Companies in the first quarter valued at $42,000. Institutional investors and hedge funds 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.