UBS Group Lowers Travelers Companies (NYSE:TRV) Price Target to $230.00

Travelers Companies (NYSE:TRV) had its price target decreased by stock analysts at UBS Group from $237.00 to $230.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. UBS Group’s target price would indicate a potential upside of 7.30% from the stock’s current price.

Several other research analysts have also recently weighed in on TRV. Royal Bank of Canada decreased their price target on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Jefferies Financial Group decreased their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. Morgan Stanley raised their target price on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Roth Mkm reissued a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $223.47.

Travelers Companies Trading Up 0.0 %

Travelers Companies stock opened at $214.35 on Monday. The firm’s fifty day moving average price is $221.75 and its 200-day moving average price is $197.84. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The stock has a market cap of $49.08 billion, a P/E ratio of 15.92, a PEG ratio of 1.12 and a beta of 0.58. 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 released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.11 EPS. Equities research analysts forecast that Travelers Companies will post 17.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Travelers Companies news, EVP Diane Kurtzman sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $211.02, for a total transaction of $633,060.00. Following the completion of the transaction, the executive vice president now directly owns 2,215 shares in the company, valued at approximately $467,409.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Diane Kurtzman sold 3,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $211.02, for a total value of $633,060.00. Following the completion of the transaction, the executive vice president now directly owns 2,215 shares in the company, valued at $467,409.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,734 shares of company stock worth $14,637,364. 1.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in shares of Travelers Companies by 14.8% during the third quarter. International Assets Investment Management LLC now owns 2,377 shares of the insurance provider’s stock valued at $399,000 after purchasing an additional 307 shares during the period. AE Wealth Management LLC raised its position in shares of Travelers Companies by 5.7% during the 3rd quarter. AE Wealth Management LLC now owns 5,019 shares of the insurance provider’s stock worth $820,000 after buying an additional 271 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Travelers Companies by 14.0% in the 3rd quarter. IFP Advisors Inc now owns 1,300 shares of the insurance provider’s stock worth $212,000 after acquiring an additional 160 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Travelers Companies by 14.2% in the third quarter. Global Retirement Partners LLC now owns 850 shares of the insurance provider’s stock valued at $138,000 after acquiring an additional 106 shares in the last quarter. Finally, Founders Financial Securities LLC increased its stake in shares of Travelers Companies by 20.2% during the third quarter. Founders Financial Securities LLC now owns 8,235 shares of the insurance provider’s stock valued at $1,345,000 after acquiring an additional 1,384 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

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.