Travelers Companies (NYSE:TRV) PT Lowered to $231.00

Travelers Companies (NYSE:TRV) had its target price lowered by stock analysts at Keefe, Bruyette & Woods from $241.00 to $231.00 in a report released on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 7.95% from the stock’s current price.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group upped their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. UBS Group upped their price objective on shares of Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Finally, Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $220.78.

Travelers Companies Price Performance

TRV stock opened at $213.99 on Thursday. The firm has a 50 day moving average of $221.79 and a 200-day moving average of $196.63. The firm has a market capitalization of $49.03 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.11 earnings per share. As a group, sell-side analysts predict that Travelers Companies will post 17.62 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 255,178 shares in the company, valued at $54,291,671.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the transaction, the insider now owns 255,178 shares in the company, valued at $54,291,671.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,775 shares of company stock worth $23,343,903. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of large investors have recently made changes to their positions in the business. FWL Investment Management LLC purchased a new stake in Travelers Companies in the fourth quarter worth $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the 3rd quarter worth about $26,000. Arlington Trust Co LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at about $27,000. Northwest Financial Advisors purchased a new position in shares of Travelers Companies during the fourth quarter valued at about $32,000. Finally, Quarry LP purchased a new position in shares of Travelers Companies during the fourth quarter valued at about $33,000. 82.45% of the stock is currently 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.