Travelers Companies (NYSE:TRV) Given New $316.00 Price Target at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its price objective raised by Keefe, Bruyette & Woods from $304.00 to $316.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 20.34% from the company’s current price.

TRV has been the subject of a number of other reports. HSBC downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Barclays downgraded shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $274.00.

Travelers Companies Stock Performance

Shares of TRV stock opened at $262.59 on Friday. The company’s fifty day moving average price is $266.00 and its two-hundred day moving average price is $256.07. The firm has a market capitalization of $59.31 billion, a P/E ratio of 14.27, a P/E/G ratio of 3.72 and a beta of 0.51. Travelers Companies has a 12 month low of $202.95 and a 12 month high of $277.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.51 earnings per share. On average, research analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 20,286 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider owned 48,387 shares in the company, valued at approximately $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock worth $44,868,201 in the last ninety days. Corporate insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRV. Yoffe Investment Management LLC purchased a new stake in Travelers Companies in the fourth quarter worth approximately $1,202,000. Portside Wealth Group LLC purchased a new stake in Travelers Companies in the first quarter worth approximately $208,000. Greatmark Investment Partners Inc. boosted its stake in shares of Travelers Companies by 3.0% during the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after purchasing an additional 1,772 shares during the period. Alpha Cubed Investments LLC boosted its stake in shares of Travelers Companies by 200.2% during the first quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock valued at $870,000 after purchasing an additional 2,194 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Travelers Companies by 47.3% during the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock valued at $1,403,000 after acquiring an additional 1,703 shares in the last quarter. 82.45% of the stock is currently owned by 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.