Travelers Companies (NYSE:TRV) PT Raised to $207.00

Travelers Companies (NYSE:TRV) had its price objective lifted by stock analysts at Wells Fargo & Company from $206.00 to $207.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 12.50% from the stock’s current price.

Several other equities analysts have also commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Piper Sandler lowered their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group boosted their price target on Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $230.89.

Travelers Companies Stock Up 1.4 %

TRV opened at $236.58 on Thursday. The firm has a market cap of $53.92 billion, a P/E ratio of 14.95, a PEG ratio of 1.21 and a beta of 0.62. The business’s fifty day simple moving average is $227.80 and its 200 day simple moving average is $218.87. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $243.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same period in the prior year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that Travelers Companies will post 17.2 EPS for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.33% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

Large investors have recently added to or reduced their stakes in the business. GLOBALT Investments LLC GA acquired a new position in shares of Travelers Companies during the fourth quarter valued at $11,472,000. V Square Quantitative Management LLC raised its position in shares of Travelers Companies by 88.7% during the 4th quarter. V Square Quantitative Management LLC now owns 5,946 shares of the insurance provider’s stock worth $1,133,000 after buying an additional 2,795 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Travelers Companies in the 4th quarter worth approximately $222,000. Beacon Financial Group bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $1,602,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $262,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.