Travelers Companies (NYSE:TRV) Rating Reiterated by JMP Securities

Travelers Companies (NYSE:TRV)‘s stock had its “market perform” rating reiterated by analysts at JMP Securities in a note issued to investors on Friday, Benzinga reports.

Several other brokerages have also recently issued reports on TRV. Piper Sandler reiterated a “neutral” rating and set a $213.00 price target on shares of Travelers Companies in a research report on Monday, April 1st. UBS Group boosted their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. HSBC boosted their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Thursday, April 4th. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $220.78.

Travelers Companies Trading Up 1.6 %

Shares of NYSE:TRV traded up $3.35 during midday trading on Friday, hitting $213.77. 994,260 shares of the stock traded hands, compared to its average volume of 1,493,718. The stock has a market capitalization of $48.98 billion, a PE ratio of 15.90, a P/E/G ratio of 1.08 and a beta of 0.58. The business’s 50 day moving average is $221.80 and its two-hundred day moving average is $196.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the company posted $4.11 earnings per share. As a group, research analysts forecast that Travelers Companies will post 17.62 earnings per share for the current year.

Insider Activity

In related news, SVP Paul E. Munson sold 2,121 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the sale, the senior vice president now directly owns 719 shares in the company, valued at approximately $153,046.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Paul E. Munson sold 2,121 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the sale, the senior vice president now directly owns 719 shares in the company, valued at approximately $153,046.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 2,500 shares of Travelers Companies stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total value of $533,850.00. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at $54,490,710.12. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock worth $23,343,903 over the last three months. 1.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently bought and sold shares of TRV. Valeo Financial Advisors LLC grew its stake in shares of Travelers Companies by 8.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 4,890 shares of the insurance provider’s stock valued at $1,125,000 after purchasing an additional 364 shares during the period. Tradewinds Capital Management LLC grew its stake in shares of Travelers Companies by 7,407.4% during the 1st quarter. Tradewinds Capital Management LLC now owns 2,027 shares of the insurance provider’s stock valued at $466,000 after purchasing an additional 2,000 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Travelers Companies by 3.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 926,338 shares of the insurance provider’s stock valued at $213,187,000 after purchasing an additional 34,076 shares during the period. Applied Capital LLC FL grew its stake in shares of Travelers Companies by 3.8% during the 1st quarter. Applied Capital LLC FL now owns 16,499 shares of the insurance provider’s stock valued at $3,797,000 after purchasing an additional 602 shares during the period. Finally, Narus Financial Partners LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at about $209,000. 82.45% of the stock is currently owned by institutional investors.

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.