Morgan Stanley Issues Positive Forecast for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its price target increased by research analysts at Morgan Stanley from $285.00 to $295.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 2.63% from the stock’s current price.

A number of other analysts have also recently weighed in on TRV. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Citigroup began coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, UBS Group lifted their price target on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $291.94.

Travelers Companies Stock Up 0.1%

TRV traded up $0.16 on Monday, reaching $287.45. 290,887 shares of the company traded hands, compared to its average volume of 1,298,649. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. Travelers Companies has a 52-week low of $230.23 and a 52-week high of $290.61. The stock’s 50 day moving average price is $275.29 and its 200-day moving average price is $269.69. The company has a market cap of $64.12 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. The company had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.24 earnings per share. On average, sell-side analysts expect that Travelers Companies will post 17.02 EPS for the current fiscal year.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the sale, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. This trade represents a 48.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 54,195 shares of company stock valued at $15,042,229. Company insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Barnes Dennig Private Wealth Management LLC increased its stake in shares of Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Osterweis Capital Management Inc. grew its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the 1st quarter valued at $26,000. Missouri Trust & Investment Co lifted its position in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new position in shares of Travelers Companies in the second quarter valued at approximately $27,000. Institutional investors own 82.45% 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.