Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Travelers Companies (NYSE:TRV) had its target price upped by Keefe, Bruyette & Woods from $274.00 to $290.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 13.26% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research report on Tuesday, April 8th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Wells Fargo & Company raised Travelers Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $225.00 to $247.00 in a report on Wednesday, April 9th. Finally, Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $267.32.

Travelers Companies Stock Up 1.4 %

Shares of TRV stock opened at $256.05 on Thursday. Travelers Companies has a 52-week low of $200.21 and a 52-week high of $269.56. The stock has a market cap of $58.05 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 4.65 and a beta of 0.48. The firm’s 50-day moving average is $252.42 and its 200-day moving average is $249.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data 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 firm had revenue of $10.52 billion for the quarter, compared to analyst estimates 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 prior year, the company earned $4.69 earnings per share. Sell-side analysts predict that Travelers Companies will post 17.02 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Yoffe Investment Management LLC acquired a new position in Travelers Companies in the 4th quarter worth about $1,202,000. Elevate Capital Advisors LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth about $4,627,000. Erste Asset Management GmbH increased its stake in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after buying an additional 100 shares during the period. Franklin Resources Inc. boosted its position in Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after buying an additional 38,515 shares during the period. Finally, Czech National Bank grew its holdings in Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after acquiring an additional 2,792 shares during the last quarter. 82.45% of the stock is currently 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.