Travelers Companies (NYSE:TRV) Given New $273.00 Price Target at Royal Bank of Canada

Travelers Companies (NYSE:TRV) had its target price boosted by equities research analysts at Royal Bank of Canada from $250.00 to $273.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “sector perform” rating on the insurance provider’s stock. Royal Bank of Canada’s target price points to a potential upside of 4.17% from the stock’s current price.

Other analysts also recently issued reports about the stock. Citigroup lifted their price objective 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. Piper Sandler cut their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Jefferies Financial Group raised their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Bank of America raised their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price objective on shares of Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $235.42.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $2.75 during trading hours on Friday, reaching $262.07. The company’s stock had a trading volume of 281,095 shares, compared to its average volume of 1,312,774. The company’s 50 day simple moving average is $230.82 and its 200 day simple moving average is $219.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a one year low of $157.33 and a one year high of $269.15. The stock has a market cap of $59.73 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the firm posted $1.95 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts expect that Travelers Companies will post 17.09 EPS for the current fiscal year.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC grew its position in Travelers Companies by 5.9% during the third quarter. Capital Investment Advisors LLC now owns 1,409 shares of the insurance provider’s stock valued at $330,000 after purchasing an additional 78 shares in the last quarter. Blue Trust Inc. grew its position in Travelers Companies by 68.2% in the third quarter. Blue Trust Inc. now owns 5,046 shares of the insurance provider’s stock worth $1,181,000 after acquiring an additional 2,046 shares in the last quarter. Net Worth Advisory Group bought a new stake in Travelers Companies in the third quarter worth approximately $1,249,000. Aaron Wealth Advisors LLC bought a new stake in Travelers Companies in the third quarter worth approximately $225,000. Finally, Claro Advisors LLC grew its position in Travelers Companies by 19.1% in the third quarter. Claro Advisors LLC now owns 6,440 shares of the insurance provider’s stock worth $1,508,000 after acquiring an additional 1,035 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other 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.