Travelers Companies (NYSE:TRV) Price Target Raised to $316.00 at Cantor Fitzgerald

Travelers Companies (NYSE:TRV) had its target price hoisted by Cantor Fitzgerald from $308.00 to $316.00 in a report released on Wednesday, MarketBeat reports. The firm currently has an overweight rating on the insurance provider’s stock.

Other analysts have also issued research reports about the company. Jefferies Financial Group raised Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Mizuho began coverage on Travelers Companies in a report on Monday, December 15th. They set a “neutral” rating and a $317.00 price target on the stock. Wells Fargo & Company lifted their price objective on Travelers Companies from $294.00 to $307.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, Piper Sandler raised their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $299.69.

Travelers Companies Price Performance

NYSE:TRV opened at $272.30 on Wednesday. Travelers Companies has a 52 week low of $230.43 and a 52 week high of $296.85. The stock’s fifty day moving average is $286.73 and its two-hundred day moving average is $275.27. The company has a market capitalization of $60.74 billion, a P/E ratio of 10.71, a P/E/G ratio of 2.59 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period last year, the company earned $5.24 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Equities analysts expect that Travelers Companies will post 17.02 EPS for the current year.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the transaction, the executive vice president owned 33,638 shares in the company, valued at $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 8,920 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $34,776,665.08. The trade was a 7.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 46,295 shares of company stock valued at $13,011,918. 1.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Osterweis Capital Management Inc. lifted its holdings in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Missouri Trust & Investment Co lifted its stake in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in Travelers Companies in the second quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC grew its stake in Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Finally, Quaker Wealth Management LLC increased its holdings in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.