Wells Fargo & Company Boosts Travelers Companies (NYSE:TRV) Price Target to $225.00

Travelers Companies (NYSE:TRV) had its price objective raised by stock analysts at Wells Fargo & Company from $213.00 to $225.00 in a report released on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 6.75% from the company’s previous close.

A number of other research firms have also commented on TRV. UBS Group raised their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Keefe, Bruyette & Woods cut their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Bank of America raised their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Finally, HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $260.11.

Travelers Companies Price Performance

Travelers Companies stock opened at $241.29 on Thursday. The company has a market capitalization of $54.78 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.09 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $269.55. The stock’s 50 day moving average is $248.31 and its 200-day moving average is $236.80.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10,795,375 billion. During the same period in the prior year, the firm posted $7.01 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts expect that Travelers Companies will post 20.33 EPS for the current year.

Insider Buying and Selling at Travelers Companies

In related news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,670 shares of company stock worth $4,861,329. 1.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC lifted its stake in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the period. True Wealth Design LLC bought a new position in Travelers Companies during the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the 3rd quarter worth approximately $50,000. Versant Capital Management Inc boosted its stake in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its position in shares of Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after buying an additional 50 shares during the period. 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.