Travelers Companies (NYSE:TRV) Raised to Buy at StockNews.com

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

Several other equities research analysts have also issued reports on TRV. BMO Capital Markets lifted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Jefferies Financial Group increased their price target on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Wells Fargo & Company boosted their price target on Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Evercore ISI upped their price objective on Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $267.32.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $256.05 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $58.05 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The stock’s 50-day moving average is $252.42 and its 200-day moving average is $249.36. Travelers Companies has a one year low of $200.21 and a one year high of $269.56.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the previous year, the business posted $4.69 EPS. Equities analysts predict that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in shares of Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock valued at $844,854,000 after buying an additional 2,466,098 shares in the last quarter. Norges Bank acquired a new stake in shares of Travelers Companies during the 4th quarter worth $560,918,000. GAMMA Investing LLC increased its position in shares of Travelers Companies by 31,132.9% in the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock worth $582,733,000 after purchasing an additional 2,196,426 shares during the period. Balyasny Asset Management L.P. raised its stake in Travelers Companies by 153.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock valued at $360,694,000 after purchasing an additional 907,266 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Travelers Companies during the fourth quarter worth about $138,619,000. Institutional investors own 82.45% of the company’s stock.

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.