Travelers Companies (NYSE:TRV) Upgraded to “Buy” by StockNews.com

Travelers Companies (NYSE:TRV) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other research analysts have also weighed in on the company. Barclays started coverage on Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective for the company. Bank of America lifted their target price on Travelers Companies from $223.00 to $241.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. William Blair reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Royal Bank of Canada reissued a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a report on Monday, July 22nd. Finally, Wells Fargo & Company lifted their target price on Travelers Companies from $206.00 to $207.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target of $231.63.

Travelers Companies Stock Up 0.3 %

Shares of NYSE:TRV traded up $0.79 during trading on Tuesday, hitting $240.91. The stock had a trading volume of 1,491,140 shares, compared to its average volume of 1,311,968. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $243.63. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $54.91 billion, a PE ratio of 15.23, a PEG ratio of 1.23 and a beta of 0.62. The firm’s fifty day moving average is $229.08 and its 200 day moving average is $218.90.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same period last year, the business earned $0.06 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts anticipate that Travelers Companies will post 17.08 EPS for the current fiscal year.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies in the second quarter worth about $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC increased its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the first quarter worth about $42,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Travelers Companies in the first quarter worth about $45,000. 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.