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 research note issued on Sunday.

TRV has been the topic of several other research reports. Keefe, Bruyette & Woods lowered their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. UBS Group decreased their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. TD Cowen dropped their price objective on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. increased their price target 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 research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $223.47.

Travelers Companies Trading Down 0.2 %

Shares of Travelers Companies stock opened at $213.85 on Friday. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $48.97 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.12 and a beta of 0.60. The company has a fifty day moving average of $220.82 and a 200 day moving average of $200.14.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.11 earnings per share. On average, sell-side analysts anticipate that Travelers Companies will post 17.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The shares were 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 filing with the SEC, which is available through the SEC website. In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,635 shares of company stock valued at $12,057,727. 1.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TRV. Howland Capital Management LLC lifted its holdings in Travelers Companies by 10.6% during the 1st quarter. Howland Capital Management LLC now owns 2,241 shares of the insurance provider’s stock valued at $516,000 after buying an additional 215 shares in the last quarter. McClarren Financial Advisors Inc. raised its stake in shares of Travelers Companies by 786.5% during the first quarter. McClarren Financial Advisors Inc. now owns 461 shares of the insurance provider’s stock valued at $106,000 after acquiring an additional 409 shares in the last quarter. Catalina Capital Group LLC bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $324,000. Callan Capital LLC purchased a new stake in shares of Travelers Companies in the first quarter valued at approximately $217,000. Finally, AA Financial Advisors LLC bought a new position in Travelers Companies in the first quarter worth approximately $1,034,000. 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.