Travelers Companies (NYSE:TRV) Price Target Raised to $297.00

Travelers Companies (NYSE:TRV) had its target price raised by investment analysts at BMO Capital Markets from $275.00 to $297.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 23.05% from the company’s current price.

TRV has been the topic of a number of other research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday. Jefferies Financial Group raised their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Roth Mkm upped their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, UBS Group lifted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $260.11.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $0.15 on Friday, reaching $241.36. 274,629 shares of the stock were exchanged, compared to its average volume of 1,458,680. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $54.79 billion, a PE ratio of 11.24, a PEG ratio of 1.09 and a beta of 0.65. Travelers Companies has a 1-year low of $200.21 and a 1-year high of $269.55. The business has a fifty day moving average price of $248.31 and a two-hundred day moving average price of $236.80.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $7.01 earnings per share. As a group, research analysts anticipate that Travelers Companies will post 20.33 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In other news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,670 shares of company stock valued at $4,861,329. Insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRV. Franklin Resources Inc. raised its stake in shares of Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after buying an additional 38,515 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Travelers Companies in the second quarter worth about $9,798,000. Orion Portfolio Solutions LLC lifted its holdings in Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after acquiring an additional 4,665 shares during the last quarter. Czech National Bank boosted its position in shares of Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the 3rd quarter worth approximately $50,000. 82.45% of the stock is owned by institutional investors.

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.