Travelers Companies (NYSE:TRV) Given New $268.00 Price Target at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its price target lowered by stock analysts at Keefe, Bruyette & Woods from $273.00 to $268.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 15.15% from the company’s current price.

Several other research analysts have also commented on TRV. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. UBS Group raised their price target on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. BMO Capital Markets lifted their target price on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company reiterated an “underweight” rating and issued a $217.00 target price (down from $256.00) on shares of Travelers Companies in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $254.85.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $10.03 during midday trading on Friday, hitting $232.74. The stock had a trading volume of 516,499 shares, compared to its average volume of 1,079,540. Travelers Companies has a 1 year low of $191.88 and a 1 year high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $52.84 billion, a PE ratio of 11.94, a P/E/G ratio of 1.17 and a beta of 0.65. The stock has a 50 day simple moving average of $250.99 and a 200-day simple moving average of $234.44.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. On average, sell-side analysts expect that Travelers Companies will post 18.84 EPS for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, 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. In the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRV. Y.D. More Investments Ltd bought a new stake in Travelers Companies in the second quarter worth $25,000. Wolff Wiese Magana LLC raised its position in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Travelers Companies during the third quarter valued at about $41,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies in the third quarter worth about $50,000. Finally, Versant Capital Management Inc raised its position in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. 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.