Travelers Companies (NYSE:TRV) Price Target Raised to $348.00

Travelers Companies (NYSE:TRV) had its price target upped by investment analysts at Mizuho from $343.00 to $348.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price target indicates a potential downside of 8.45% from the company’s current price.

A number of other brokerages also recently weighed in on TRV. Morgan Stanley raised their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Cantor Fitzgerald upped their price target on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Weiss Ratings lowered Travelers Companies from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, September 9th. Finally, The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective for the company. in a research note on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $354.53.

Travelers Companies Stock Up 0.6%

Shares of NYSE:TRV traded up $2.13 during midday trading on Wednesday, reaching $380.10. The company’s stock had a trading volume of 232,744 shares, compared to its average volume of 1,674,558. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $368.22 and a 200-day moving average of $326.89. The firm has a market capitalization of $79.28 billion, a P/E ratio of 10.17, a PEG ratio of 2.54 and a beta of 0.44. Travelers Companies has a 12-month low of $252.26 and a 12-month high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the company posted $6.51 EPS. Travelers Companies’s revenue was up .3% on a year-over-year basis. On average, research analysts anticipate that Travelers Companies will post 33.82 earnings per share for the current year.

Insider Buying and Selling at Travelers Companies

In other news, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the transaction, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This represents a 44.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 58,667 shares of company stock worth $21,830,989. Insiders own 1.39% of the company’s stock.

Institutional Trading of Travelers Companies

A number of large investors have recently made changes to their positions in TRV. Bouchey Financial Group Ltd. bought a new position in Travelers Companies during the second quarter valued at approximately $234,000. Sequoia Financial Advisors LLC raised its stake in Travelers Companies by 12.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 33,397 shares of the insurance provider’s stock valued at $11,025,000 after buying an additional 3,782 shares during the last quarter. Cidel Asset Management Inc. raised its stake in Travelers Companies by 31.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 2,358 shares of the insurance provider’s stock valued at $778,000 after buying an additional 570 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Travelers Companies by 6.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,361 shares of the insurance provider’s stock worth $1,110,000 after buying an additional 215 shares during the last quarter. Finally, NorthRock Partners LLC boosted its stake in shares of Travelers Companies by 3.1% in the 2nd quarter. NorthRock Partners LLC now owns 4,430 shares of the insurance provider’s stock worth $1,462,000 after buying an additional 133 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers’ principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers’ compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.