Travelers Companies (NYSE:TRV) Raised to “Neutral” at JPMorgan Chase & Co.

Travelers Companies (NYSE:TRV) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Tuesday. The brokerage currently has a $322.00 price objective on the insurance provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 5.00% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Cantor Fitzgerald upped their target price on Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Brean Capital assumed coverage on Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Finally, Argus upgraded Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $310.27.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $306.67 on Tuesday. The firm has a market capitalization of $65.21 billion, a P/E ratio of 9.12, a P/E/G ratio of 2.76 and a beta of 0.50. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $299.54 and its two-hundred day simple moving average is $293.26. Travelers Companies has a twelve month low of $249.19 and a twelve month high of $313.12.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 EPS. As a group, equities analysts anticipate that Travelers Companies will post 28.03 EPS for the current fiscal year.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.77, for a total transaction of $3,037,700.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,707,621.25. This represents a 18.14% 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 1,557 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 27,573 shares of company stock worth $8,427,646 over the last three months. Corporate insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently bought and sold shares of TRV. HHM Wealth Advisors LLC boosted its holdings in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Whipplewood Advisors LLC purchased a new stake in Travelers Companies during the 1st quarter valued at about $26,000. Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies during the 4th quarter valued at about $26,000. Osterweis Capital Management Inc. boosted its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Travelers Companies during the 4th quarter valued at about $28,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.