Travelers Companies (NYSE:TRV) Given New $225.00 Price Target at Royal Bank of Canada

Travelers Companies (NYSE:TRV) had its price target cut by research analysts at Royal Bank of Canada from $230.00 to $225.00 in a report released on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the insurance provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 7.91% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Piper Sandler reissued a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Keefe, Bruyette & Woods decreased their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Citigroup raised their target price on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $218.39.

Travelers Companies Stock Up 0.9 %

Shares of NYSE TRV traded up $1.93 during midday trading on Thursday, reaching $208.51. The company’s stock had a trading volume of 853,396 shares, compared to its average volume of 1,484,412. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The stock has a market capitalization of $47.78 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.17 and a beta of 0.58. The stock has a 50 day simple moving average of $221.87 and a 200-day simple moving average of $196.17.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same quarter last year, the business earned $4.11 earnings per share. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts predict that Travelers Companies will post 17.64 earnings per share for the current year.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock valued at $23,343,903 over the last quarter. 1.33% of the stock is owned by corporate insiders.

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Command Advisory Services Inc. bought a new stake in shares of Travelers Companies during the third quarter worth about $26,000. Arlington Trust Co LLC bought a new stake in shares of Travelers Companies during the third quarter worth about $27,000. FWL Investment Management LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth about $28,000. Quarry LP bought a new stake in shares of Travelers Companies during the first quarter worth about $31,000. Finally, Northwest Financial Advisors bought a new stake in shares of Travelers Companies during the fourth quarter worth about $32,000. 82.45% of the stock is currently 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.