Travelers Companies (NYSE:TRV) Upgraded to “Buy” at StockNews.com

Travelers Companies (NYSE:TRV) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

TRV has been the topic of several other reports. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $217.00 price objective (down from $256.00) on shares of Travelers Companies in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Bank of America boosted their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $251.70.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $241.41 on Friday. The firm has a 50 day moving average of $253.13 and a 200-day moving average of $232.38. Travelers Companies has a 12 month low of $188.47 and a 12 month high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $54.80 billion, a PE ratio of 12.38, a PEG ratio of 1.17 and a beta of 0.63.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate 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 was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 earnings per share. On average, equities research analysts predict that Travelers Companies will post 18.84 EPS for the current fiscal year.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total value of $2,561,700.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $5,840,163.66. This represents a 30.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

Institutional investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd bought a new stake in Travelers Companies in the second quarter worth about $25,000. Wolff Wiese Magana LLC increased its stake in shares of Travelers Companies by 39.1% during the 3rd 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. True Wealth Design LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the third quarter valued at approximately $50,000. Finally, Salomon & Ludwin LLC grew its holdings in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after purchasing 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.