Travelers Companies (NYSE:TRV) Price Target Raised to $223.00

Travelers Companies (NYSE:TRV) had its price target lifted by equities research analysts at Bank of America from $202.00 to $223.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “underperform” rating on the insurance provider’s stock. Bank of America‘s price target indicates a potential upside of 6.94% from the company’s current price.

A number of other research firms have also commented on TRV. Keefe, Bruyette & Woods cut their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Piper Sandler cut their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday. Jefferies Financial Group lowered their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. UBS Group lowered their target price on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Finally, The Goldman Sachs Group raised their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $220.94.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $208.53 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $47.53 billion, a PE ratio of 15.49, a P/E/G ratio of 1.12 and a beta of 0.61. Travelers Companies has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a 50-day moving average price of $210.13 and a two-hundred day moving average price of $214.17.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS. Equities analysts forecast that Travelers Companies will post 16.79 EPS for the current year.

Insider Activity at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after buying an additional 148,012 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after buying an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Travelers Companies by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after buying an additional 154,886 shares in the last quarter. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter valued at $282,593,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Travelers Companies by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock valued at $273,529,000 after buying an additional 40,114 shares in the last quarter. 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.