Travelers Companies (NYSE:TRV) PT Lowered to $252.00

Travelers Companies (NYSE:TRV) had its target price lowered by analysts at TD Cowen from $261.00 to $252.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. TD Cowen’s price objective would indicate a potential upside of 18.07% from the company’s current price.

A number of other equities analysts have also commented on TRV. Raymond James raised their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a report on Monday, April 8th. The Goldman Sachs Group increased their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Roth Mkm reaffirmed a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $223.47.

Travelers Companies Stock Down 0.4 %

Shares of Travelers Companies stock opened at $213.43 on Tuesday. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75. The firm has a market capitalization of $48.87 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $221.68 and its 200-day moving average is $197.95.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the previous year, the firm posted $4.11 EPS. Travelers Companies’s quarterly revenue was up 15.7% on a year-over-year basis. Equities analysts anticipate that Travelers Companies will post 17.71 earnings per share for the current year.

Insiders Place Their Bets

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 stock was 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 approximately $3,147,865.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, EVP Maria Olivo sold 10,553 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total transaction of $2,247,050.29. Following the completion of the sale, the executive vice president now directly owns 103,443 shares in the company, valued at $22,026,117.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders sold 75,734 shares of company stock valued at $16,143,904 over the last quarter. Insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Several hedge funds have recently added to or reduced their stakes in TRV. First Command Advisory Services Inc. bought a new position in shares of Travelers Companies during the 3rd quarter worth about $26,000. Arlington Trust Co LLC acquired a new position in Travelers Companies in the 3rd quarter valued at approximately $27,000. Northwest Financial Advisors bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $32,000. Opal Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $42,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth approximately $45,000. 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.