Travelers Companies (NYSE:TRV) Given a $264.00 Price Target by Wells Fargo & Company Analysts

Travelers Companies (NYSE:TRV) received a $264.00 target price from equities research analysts at Wells Fargo & Company in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 3.62% from the stock’s previous close.

Several other brokerages have also recently weighed in on TRV. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. UBS Group lowered their target price on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Wall Street Zen raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Finally, Jefferies Financial Group boosted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $271.00.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $0.30 on Thursday, hitting $254.78. 197,331 shares of the company traded hands, compared to its average volume of 1,283,350. The stock has a market capitalization of $57.54 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 3.73 and a beta of 0.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 52 week low of $202.95 and a 52 week high of $277.83. The business has a 50-day simple moving average of $267.10 and a 200 day simple moving average of $255.88.

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

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 20,286 shares of the firm’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the sale, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider owned 255,086 shares in the company, valued at approximately $70,021,107. This represents a 0.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by corporate insiders.

Institutional Trading of Travelers Companies

Institutional investors have recently modified their holdings of the stock. Yoffe Investment Management LLC acquired a new position in Travelers Companies during the fourth quarter worth about $1,202,000. Erste Asset Management GmbH boosted its position in Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after acquiring an additional 100 shares during the last quarter. Portside Wealth Group LLC acquired a new position in Travelers Companies in the 1st quarter valued at about $208,000. Alpha Cubed Investments LLC boosted its holdings in Travelers Companies by 200.2% in the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock valued at $870,000 after purchasing an additional 2,194 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in Travelers Companies by 47.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock valued at $1,403,000 after purchasing an additional 1,703 shares during the last quarter. Institutional investors and hedge funds 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.