Travelers Companies (NYSE:TRV) Raised to “Buy” at StockNews.com

Travelers Companies (NYSE:TRV) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

TRV has been the subject of several other reports. UBS Group reduced their price target on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. JPMorgan Chase & Co. upped their price target on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Raymond James raised their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Roth Mkm reaffirmed a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, Jefferies Financial Group lowered their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $223.47.

Travelers Companies Trading Down 0.2 %

Shares of TRV opened at $213.85 on Friday. The firm has a market cap of $48.97 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.60. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The business has a 50-day moving average of $220.82 and a 200 day moving average of $200.14.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $4.11 EPS. As a group, research analysts forecast that Travelers Companies will post 17.71 EPS for the current year.

Insider Buying and Selling

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $12,057,727 in the last quarter. 1.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Command Advisory Services Inc. bought a new stake in Travelers Companies in the third quarter valued at approximately $26,000. Northwest Financial Advisors bought a new stake in Travelers Companies during the 4th quarter valued at $32,000. AM Squared Ltd raised its holdings in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. Private Wealth Management Group LLC purchased a new stake in Travelers Companies during the 4th quarter valued at $39,000. Finally, Valued Wealth Advisors LLC bought a new stake in Travelers Companies in the 4th quarter worth $40,000. Institutional investors own 82.45% of the company’s stock.

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.