Travelers Companies (NYSE:TRV) Stock Rating Upgraded by Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage presently has a $286.00 price target on the insurance provider’s stock, up from their previous price target of $275.00. Keefe, Bruyette & Woods’ price objective points to a potential upside of 18.64% from the stock’s previous close.

TRV has been the subject of several other research reports. UBS Group increased their target price on 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 downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays boosted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Trading Down 0.5 %

NYSE:TRV opened at $241.06 on Wednesday. The firm has a market capitalization of $54.66 billion, a P/E ratio of 11.23, a P/E/G ratio of 4.59 and a beta of 0.64. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $242.17 and a 200 day moving average of $241.29. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.01 earnings per share. On average, research analysts predict that Travelers Companies will post 17.02 earnings per share for the current year.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. YANKCOM Partnership acquired a new position in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. Kapitalo Investimentos Ltda acquired a new position in Travelers Companies in the 4th quarter valued at $30,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $37,000. Fourth Dimension Wealth LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth about $40,000. Finally, True Wealth Design LLC acquired a new position in Travelers Companies during the third quarter worth about $41,000. Hedge funds and other 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.