Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Travelers Companies (NYSE:TRV) had its price target raised by research analysts at Wells Fargo & Company from $247.00 to $260.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 1.54% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. upped their target price on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Monday, March 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $267.32.

Travelers Companies Stock Up 1.4 %

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

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the company earned $4.69 EPS. Analysts anticipate that Travelers Companies will post 17.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Travelers Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock valued at $844,854,000 after purchasing an additional 2,466,098 shares in the last quarter. Norges Bank acquired a new position in Travelers Companies in the fourth quarter worth about $560,918,000. GAMMA Investing LLC increased its holdings in 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 valued at $582,733,000 after buying an additional 2,196,426 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings 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 buying an additional 907,266 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Travelers Companies during the 4th quarter worth approximately $138,619,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

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.