Travelers Companies (NYSE:TRV) Price Target Cut to $225.00 by Analysts at Royal Bank of Canada

Travelers Companies (NYSE:TRV) had its price objective dropped by research analysts at Royal Bank of Canada from $230.00 to $225.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the insurance provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 5.15% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Evercore ISI reduced their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday. HSBC lifted their price objective on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. Raymond James lifted their price objective on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Roth Mkm reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Travelers Companies in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $220.78.

Travelers Companies Price Performance

NYSE:TRV opened at $213.99 on Thursday. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $49.03 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.08 and a beta of 0.58. The stock’s fifty day moving average is $221.79 and its two-hundred day moving average is $196.63.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the prior year, the firm earned $4.11 EPS. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts expect that Travelers Companies will post 17.62 EPS for the current year.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. First Command Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the 3rd quarter valued at about $26,000. Arlington Trust Co LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter valued at about $27,000. FWL Investment Management LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at about $28,000. Quarry LP purchased a new stake in shares of Travelers Companies in the 1st quarter valued at about $31,000. Finally, Northwest Financial Advisors purchased a new stake in shares of Travelers Companies in the 4th quarter valued at about $32,000. 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.