Travelers Companies (NYSE:TRV) Price Target Raised to $296.00

Travelers Companies (NYSE:TRV) had its price target upped by equities researchers at Evercore ISI from $288.00 to $296.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Evercore ISI’s price target would indicate a potential upside of 15.63% from the company’s current price.

Several other equities analysts have also recently commented on the stock. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. UBS Group cut their price target on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $266.63.

Travelers Companies Stock Up 1.4 %

NYSE TRV traded up $3.51 during trading hours on Thursday, hitting $255.99. The company’s stock had a trading volume of 323,589 shares, compared to its average volume of 1,304,350. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company’s 50-day simple moving average is $251.88 and its two-hundred day simple moving average is $249.07. The company has a market capitalization of $58.04 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.56.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the previous year, the firm earned $4.69 earnings per share. Research analysts anticipate that Travelers Companies will post 17.02 EPS for the current fiscal year.

Institutional Trading of Travelers Companies

A number of hedge funds have recently made changes to their positions in TRV. Putney Financial Group LLC bought a new position in Travelers Companies during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies during the 4th quarter valued at $26,000. YANKCOM Partnership purchased a new stake in shares of Travelers Companies in the 4th quarter worth approximately $27,000. Kapitalo Investimentos Ltda purchased a new position in Travelers Companies during the fourth quarter valued at $30,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Travelers Companies in the fourth quarter worth $33,000. 82.45% of the stock is owned by institutional investors.

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.