Travelers Companies (NYSE:TRV) Price Target Cut to $181.00 by Analysts at Morgan Stanley

Travelers Companies (NYSE:TRV – Get Rating) had its price objective decreased by Morgan Stanley from $184.00 to $181.00 in a report issued on Monday, Stock Target Advisor reports. The firm presently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s target price suggests a potential upside of 5.45% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $199.00 price objective on the stock in a report on Monday, March 28th. Wells Fargo & Company increased their target price on Travelers Companies from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 12th. Barclays increased their target price on Travelers Companies from $170.00 to $185.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 12th. Royal Bank of Canada increased their price target on Travelers Companies from $170.00 to $190.00 and gave the stock a “sector perform” rating in a research report on Monday, April 4th. Finally, StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $178.43.

Shares of NYSE TRV traded up $3.41 during midday trading on Monday, reaching $171.65. 14,246 shares of the company’s stock traded hands, compared to its average volume of 1,484,105. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market cap of $41.19 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 3.64 and a beta of 0.70. The stock’s 50 day simple moving average is $178.45 and its 200-day simple moving average is $168.18. Travelers Companies has a one year low of $144.44 and a one year high of $187.98.

Travelers Companies (NYSE:TRV – Get Rating) last posted its earnings results on Tuesday, April 19th. The insurance provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.61. Travelers Companies had a net margin of 11.18% and a return on equity of 13.78%. The firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.03 billion. During the same period in the previous year, the firm earned $2.73 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts predict that Travelers Companies will post 13.48 EPS for the current fiscal year.

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,727,800.00. Following the transaction, the executive vice president now directly owns 9,107 shares of the company’s stock, valued at $1,573,507.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Daniel S. Frey sold 16,710 shares of the company’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $177.81, for a total transaction of $2,971,205.10. Following the transaction, the chief financial officer now owns 5,640 shares of the company’s stock, valued at approximately $1,002,848.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,555 shares of company stock valued at $7,679,185. 1.07% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TRV. Retirement Planning Co of New England Inc. acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Widmann Financial Services Inc. acquired a new position in shares of Travelers Companies in the fourth quarter worth approximately $28,000. US Asset Management LLC bought a new stake in Travelers Companies in the 1st quarter valued at about $28,000. Godsey & Gibb Associates purchased a new position in Travelers Companies during the third quarter worth about $29,000. Finally, Concord Wealth Partners boosted its stake in Travelers Companies by 347.6% during the fourth quarter. Concord Wealth Partners now owns 188 shares of the insurance provider’s stock valued at $29,000 after buying an additional 146 shares during the period. 83.20% of the stock is owned by institutional investors.

About Travelers Companies (Get Rating)

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.

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