Barclays Raises Travelers Companies (NYSE:TRV) Price Target to $287.00

Travelers Companies (NYSE:TRV) had its price target increased by research analysts at Barclays from $278.00 to $287.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the insurance provider’s stock. Barclays‘s price target suggests a potential upside of 18.95% from the company’s current price.

A number of other analysts also recently commented on the stock. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Tuesday, December 10th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Bank of America boosted their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods decreased their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $260.11.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $241.29 on Friday. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.55. The firm has a market cap of $54.78 billion, a P/E ratio of 11.24, a PEG ratio of 1.09 and a beta of 0.65. The stock has a fifty day moving average price of $247.92 and a two-hundred day moving average price of $237.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. During the same quarter last year, the business posted $7.01 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Research analysts forecast that Travelers Companies will post 20.33 EPS for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s 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 directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,670 shares of company stock worth $4,861,329 over the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelers Companies

Large investors have recently made changes to their positions in the stock. Financial Life Planners acquired a new stake in shares of Travelers Companies in the fourth quarter worth $82,000. Catalina Capital Group LLC lifted its position in Travelers Companies by 6.1% during the 4th quarter. Catalina Capital Group LLC now owns 1,686 shares of the insurance provider’s stock worth $406,000 after acquiring an additional 97 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its holdings in Travelers Companies by 2.5% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 4,259 shares of the insurance provider’s stock valued at $1,026,000 after acquiring an additional 105 shares during the period. CENTRAL TRUST Co boosted its holdings in Travelers Companies by 6.0% during the fourth quarter. CENTRAL TRUST Co now owns 3,847 shares of the insurance provider’s stock valued at $927,000 after acquiring an additional 219 shares during the period. Finally, Greenleaf Trust grew its position in shares of Travelers Companies by 1.8% in the fourth quarter. Greenleaf Trust now owns 10,497 shares of the insurance provider’s stock valued at $2,529,000 after purchasing an additional 183 shares during the last quarter. 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.