Travelers Companies (NYSE:TRV) PT Raised to $270.00

Travelers Companies (NYSE:TRV) had its target price upped by research analysts at BMO Capital Markets from $233.00 to $270.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 4.36% from the company’s current price.

TRV has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Citigroup increased their price target on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $247.45.

Travelers Companies Stock Down 0.4 %

NYSE:TRV traded down $0.99 on Tuesday, hitting $258.71. The stock had a trading volume of 401,363 shares, compared to its average volume of 1,314,648. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $269.55. The firm’s fifty day simple moving average is $232.88 and its two-hundred day simple moving average is $219.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.34. The stock has a market cap of $58.97 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.95 EPS. Analysts predict that Travelers Companies will post 17.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB raised its holdings in shares of Travelers Companies by 38.7% during the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after buying an additional 95,451 shares in the last quarter. Cetera Investment Advisers boosted its position in Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after buying an additional 35,560 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after purchasing an additional 25,575 shares during the period. GAMMA Investing LLC grew its position in shares of Travelers Companies by 162.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after buying an additional 3,050 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in Travelers Companies by 145.5% in the first quarter. Diversified Trust Co now owns 16,013 shares of the insurance provider’s stock valued at $3,685,000 after acquiring an additional 9,491 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

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.