Travelers Companies (NYSE:TRV) PT Raised to $245.00

Travelers Companies (NYSE:TRV) had its target price increased by investment analysts at The Goldman Sachs Group from $216.00 to $245.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “sell” rating on the insurance provider’s stock. The Goldman Sachs Group’s price objective points to a potential downside of 4.80% from the company’s previous close.

Other research analysts have also issued reports about the stock. Piper Sandler decreased their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada lifted their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Roth Mkm upped their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday. Bank of America lifted their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Finally, William Blair reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Stock Down 0.7 %

Shares of TRV opened at $257.35 on Tuesday. The stock has a 50 day moving average price of $234.71 and a 200 day moving average price of $220.20. Travelers Companies has a one year low of $157.33 and a one year high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.34. The stock has a market capitalization of $58.66 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.40 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 earnings per share. Equities research analysts forecast that Travelers Companies will post 17.45 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the sale, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Travelers Companies by 3.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,751 shares of the insurance provider’s stock worth $7,497,000 after acquiring an additional 970 shares in the last quarter. Allworth Financial LP grew its stake in shares of Travelers Companies by 17.3% during the third quarter. Allworth Financial LP now owns 4,387 shares of the insurance provider’s stock worth $1,027,000 after purchasing an additional 648 shares in the last quarter. Highland Capital Management LLC purchased a new position in Travelers Companies in the third quarter valued at $214,000. Trueblood Wealth Management LLC raised its stake in Travelers Companies by 2.3% in the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after buying an additional 41 shares in the last quarter. Finally, Heritage Oak Wealth Advisors LLC purchased a new stake in Travelers Companies during the 3rd quarter worth about $241,000. 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.