Research analysts at Citigroup initiated coverage on shares of Travelers Companies (NYSE:TRV) in a research note issued on Tuesday, Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $146.00 price target on the insurance provider’s stock. Citigroup‘s price objective would indicate a potential upside of 3.74% from the company’s previous close.
Several other brokerages have also weighed in on TRV. Evercore ISI began coverage on shares of Travelers Companies in a report on Thursday, October 17th. They set an “underperform” rating and a $128.00 price objective for the company. Deutsche Bank raised shares of Travelers Companies from a “sell” rating to a “hold” rating and set a $140.00 price objective for the company in a report on Tuesday, October 22nd. Morgan Stanley decreased their price objective on shares of Travelers Companies from $136.00 to $125.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Argus decreased their price objective on shares of Travelers Companies to $145.00 in a report on Thursday, October 24th. Finally, Barclays decreased their price objective on shares of Travelers Companies from $177.00 to $174.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Travelers Companies currently has an average rating of “Hold” and a consensus target price of $146.93.
Shares of TRV stock opened at $140.73 on Tuesday. The firm has a market cap of $36.32 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.41 and a beta of 0.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies has a 1-year low of $120.60 and a 1-year high of $155.09. The firm has a fifty day moving average of $136.58 and a two-hundred day moving average of $141.95.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, October 22nd. The insurance provider reported $1.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.35 by ($0.92). The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.17 billion. Travelers Companies had a return on equity of 9.13% and a net margin of 7.57%. Travelers Companies’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.54 earnings per share. On average, sell-side analysts expect that Travelers Companies will post 9.55 EPS for the current year.
In other news, Vice Chairman William H. Heyman sold 2,185 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $136.20, for a total value of $297,597.00. Following the transaction, the insider now directly owns 241,930 shares in the company, valued at approximately $32,950,866. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.73% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Boston Partners lifted its position in shares of Travelers Companies by 133.3% in the 2nd quarter. Boston Partners now owns 4,072,444 shares of the insurance provider’s stock worth $609,075,000 after buying an additional 2,326,784 shares during the last quarter. California Public Employees Retirement System lifted its position in Travelers Companies by 7.6% in the 3rd quarter. California Public Employees Retirement System now owns 2,210,290 shares of the insurance provider’s stock valued at $328,648,000 after purchasing an additional 155,508 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Travelers Companies by 757.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,624,626 shares of the insurance provider’s stock valued at $242,914,000 after purchasing an additional 1,435,094 shares during the last quarter. Morgan Stanley lifted its position in Travelers Companies by 6.7% in the 2nd quarter. Morgan Stanley now owns 882,413 shares of the insurance provider’s stock valued at $131,938,000 after purchasing an additional 55,320 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Travelers Companies by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 576,833 shares of the insurance provider’s stock valued at $85,769,000 after purchasing an additional 10,396 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.
Travelers Companies Company Profile
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.
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