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

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

A number of other equities research analysts have also issued reports on the company. Roth Mkm increased their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Barclays dropped their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a research report on Monday. Jefferies Financial Group boosted their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, UBS Group raised their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $255.10.

Travelers Companies Trading Up 0.5 %

Shares of TRV stock opened at $242.89 on Thursday. Travelers Companies has a fifty-two week low of $189.87 and a fifty-two week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $251.06 and a 200-day simple moving average of $234.38. The stock has a market cap of $55.14 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.95 earnings per share. On average, analysts forecast that Travelers Companies will post 18.84 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 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 transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC grew its holdings in 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 acquiring an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the third quarter worth $50,000. Finally, 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. 82.45% of the stock is owned by institutional investors.

About Travelers Companies

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.