Travelers Companies (NYSE:TRV) Rating Increased to Buy at StockNews.com

Travelers Companies (NYSE:TRV) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other research analysts also recently issued reports on TRV. Wells Fargo & Company raised their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research note on Thursday, November 21st. Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada boosted their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Finally, Barclays upped their price objective on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $253.65.

Travelers Companies Stock Down 1.3 %

Travelers Companies stock traded down $3.18 during midday trading on Tuesday, hitting $247.68. The stock had a trading volume of 2,138,284 shares, compared to its average volume of 1,306,484. The business has a fifty day moving average price of $252.16 and a 200 day moving average price of $229.59. Travelers Companies has a 12 month low of $180.44 and a 12 month high of $269.55. The stock has a market cap of $56.23 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.24 and a beta of 0.63. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the previous year, the business earned $1.95 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Research analysts predict that Travelers Companies will post 18.83 EPS for the current year.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock valued at $20,295,856 over the last three months. Company insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Travelers Companies by 9.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 144,889 shares of the insurance provider’s stock worth $29,462,000 after acquiring an additional 12,161 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in Travelers Companies by 36.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,943 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 782 shares during the period. ORG Partners LLC lifted its holdings in shares of Travelers Companies by 199.1% in the second quarter. ORG Partners LLC now owns 1,026 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 683 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in shares of Travelers Companies by 11.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 613 shares of the insurance provider’s stock worth $125,000 after buying an additional 65 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Travelers Companies by 1.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 20,443 shares of the insurance provider’s stock valued at $4,157,000 after buying an additional 361 shares in the last quarter. Hedge funds and other 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.