Keefe, Bruyette & Woods Lowers Travelers Companies (NYSE:TRV) Price Target to $231.00

Travelers Companies (NYSE:TRV) had its price target reduced by analysts at Keefe, Bruyette & Woods from $241.00 to $231.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 7.95% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. UBS Group increased their price objective on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Evercore ISI boosted their price target on Travelers Companies from $230.00 to $253.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. The Goldman Sachs Group raised their price objective on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday, April 12th. TD Cowen started coverage on Travelers Companies in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $220.78.

Travelers Companies Stock Up 1.7 %

Shares of NYSE TRV opened at $213.99 on Thursday. The stock has a 50 day moving average price of $221.79 and a 200 day moving average price of $196.63. The firm has a market capitalization of $49.03 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.08 and a beta of 0.58. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.11 earnings per share. Sell-side analysts expect that Travelers Companies will post 17.62 earnings per share for the current year.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 4,500 shares of Travelers Companies stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 over the last quarter. Insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds have recently bought and sold shares of TRV. First Command Advisory Services Inc. acquired a new position in shares of Travelers Companies in the 3rd quarter valued at $26,000. Arlington Trust Co LLC purchased a new position in Travelers Companies in the third quarter valued at $27,000. FWL Investment Management LLC acquired a new position in shares of Travelers Companies in the fourth quarter worth about $28,000. Quarry LP purchased a new stake in shares of Travelers Companies during the 1st quarter worth about $31,000. Finally, Northwest Financial Advisors acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $32,000. Hedge funds and other 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.