Travelers Companies (NYSE:TRV) PT Raised to $295.00 at Barclays

Travelers Companies (NYSE:TRV) had its price target increased by stock analysts at Barclays from $286.00 to $295.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the insurance provider’s stock. Barclays‘s price target would indicate a potential upside of 15.06% from the company’s previous close.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets increased their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup lifted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Finally, Morgan Stanley decreased their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $247.90.

Travelers Companies Stock Performance

NYSE TRV opened at $256.38 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $58.71 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62. The business’s 50-day moving average price is $234.71 and its 200 day moving average price is $220.20. Travelers Companies has a twelve month low of $158.22 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the firm posted $1.95 EPS. The company’s revenue was up 11.9% on a year-over-year basis. On average, research analysts predict that Travelers Companies will post 18.24 earnings per share for the current year.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,465 shares of company stock valued at $14,910,886. Insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Orrstown Financial Services Inc. grew its holdings in shares of Travelers Companies by 4.7% during the third quarter. Orrstown Financial Services Inc. now owns 2,685 shares of the insurance provider’s stock valued at $629,000 after purchasing an additional 121 shares during the last quarter. Concord Wealth Partners lifted its stake in Travelers Companies by 9.0% in the third quarter. Concord Wealth Partners now owns 6,983 shares of the insurance provider’s stock valued at $1,635,000 after buying an additional 577 shares during the last quarter. Asahi Life Asset Management CO. LTD. lifted its stake in Travelers Companies by 6.9% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 9,343 shares of the insurance provider’s stock valued at $2,187,000 after buying an additional 603 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its holdings in shares of Travelers Companies by 31.1% during the third quarter. Baker Tilly Wealth Management LLC now owns 3,746 shares of the insurance provider’s stock valued at $877,000 after acquiring an additional 888 shares during the period. Finally, Leuthold Group LLC bought a new position in shares of Travelers Companies during the third quarter worth about $4,132,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.