Wells Fargo & Company Boosts Travelers Companies (NYSE:TRV) Price Target to $264.00

Travelers Companies (NYSE:TRV) had its target price upped by analysts at Wells Fargo & Company from $260.00 to $264.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 3.83% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. UBS Group decreased their target price on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Jefferies Financial Group boosted their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Hsbc Global Res lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. Finally, Wall Street Zen upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $271.00.

Travelers Companies Trading Down 0.7%

Shares of NYSE TRV opened at $254.26 on Thursday. The stock’s 50 day simple moving average is $267.10 and its 200 day simple moving average is $255.71. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The company has a market cap of $57.43 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 3.75 and a beta of 0.51. Travelers Companies has a 12-month low of $202.95 and a 12-month high of $277.83.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the previous year, the business earned $4.69 EPS. Equities research analysts expect that Travelers Companies will post 17.02 EPS for the current year.

Insider Buying and Selling

In other news, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,365,363.36. This represents a 42.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the completion of the sale, the insider owned 48,387 shares of the company’s stock, valued at approximately $13,254,650.91. This represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock worth $44,868,201 over the last 90 days. 1.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

A number of large investors have recently added to or reduced their stakes in the company. Quad Cities Investment Group LLC increased its holdings in Travelers Companies by 23.9% during the 2nd quarter. Quad Cities Investment Group LLC now owns 3,205 shares of the insurance provider’s stock worth $857,000 after purchasing an additional 618 shares in the last quarter. Busey Bank boosted its holdings in shares of Travelers Companies by 32.7% during the second quarter. Busey Bank now owns 1,768 shares of the insurance provider’s stock worth $473,000 after acquiring an additional 436 shares during the period. CX Institutional boosted its holdings in shares of Travelers Companies by 1,057.9% during the second quarter. CX Institutional now owns 20,749 shares of the insurance provider’s stock worth $5,551,000 after acquiring an additional 18,957 shares during the period. Thomasville National Bank raised its position in shares of Travelers Companies by 13.3% in the second quarter. Thomasville National Bank now owns 1,870 shares of the insurance provider’s stock valued at $500,000 after buying an additional 220 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of Travelers Companies by 1.1% in the second quarter. Diversified Trust Co now owns 13,264 shares of the insurance provider’s stock valued at $3,549,000 after buying an additional 139 shares in the last quarter. 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.