Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Travelers Companies (NYSE:TRV) had its price objective boosted by equities researchers at Keefe, Bruyette & Woods from $304.00 to $305.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 13.20% from the company’s current price.

TRV has been the topic of a number of other reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a report on Friday. Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a report on Friday. Morgan Stanley increased their target price on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $291.31.

Travelers Companies Price Performance

Travelers Companies stock opened at $269.43 on Monday. The firm has a market cap of $60.10 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. Travelers Companies has a 52-week low of $230.23 and a 52-week high of $287.95. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $274.06 and its two-hundred day moving average is $266.51.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The company had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $5.24 EPS. On average, research analysts expect that Travelers Companies will post 17.02 EPS for the current fiscal year.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TRV. Cornerstone Planning Group LLC grew its position in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after buying an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in shares of Travelers Companies in the 1st quarter valued at $26,000. Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the last quarter. Missouri Trust & Investment Co grew its position in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Finally, Delos Wealth Advisors LLC purchased a new position in Travelers Companies during the 2nd quarter worth $27,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.