Travelers Companies (NYSE:TRV) PT Raised to $270.00

Travelers Companies (NYSE:TRV) had its target price lifted by investment analysts at BMO Capital Markets from $233.00 to $270.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. BMO Capital Markets’ target price points to a potential upside of 4.92% from the company’s current price.

A number of other brokerages have also recently issued reports on TRV. Roth Mkm increased their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday. Barclays started coverage on shares of Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Finally, Citigroup boosted their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Trading Down 0.7 %

TRV opened at $257.35 on Tuesday. The company has a fifty day moving average price of $234.71 and a two-hundred day moving average price of $220.20. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $269.55. The company has a market cap of $58.66 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating 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 return on equity of 17.69% and a net margin of 10.02%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 EPS. Analysts predict that Travelers Companies will post 17.45 EPS for the current fiscal year.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 in the company, valued at $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the sale, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies in the second quarter valued at $25,000. Pathway Financial Advisers LLC bought a new position in Travelers Companies in the 1st quarter worth about $35,000. Beacon Capital Management LLC grew its holdings in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the period. Finally, Tributary Capital Management LLC purchased a new stake in shares of Travelers Companies in the first quarter worth about $45,000. 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.