Travelers Companies (NYSE:TRV) Stock Rating Upgraded by Wall Street Zen

Travelers Companies (NYSE:TRV) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

TRV has been the subject of a number of other reports. Barclays set a $313.00 target price on Travelers Companies in a research note on Wednesday. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Travelers Companies in a research report on Saturday, September 27th. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Finally, Morgan Stanley upped their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $290.11.

Travelers Companies Stock Down 1.6%

Shares of NYSE:TRV opened at $269.92 on Friday. The company’s fifty day moving average is $273.66 and its two-hundred day moving average is $266.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 1-year low of $230.23 and a 1-year high of $287.95. The stock has a market capitalization of $60.77 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 3.08 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its quarterly 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. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the business posted $2.51 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Travelers Companies will post 17.02 EPS for the current year.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

Institutional Trading of Travelers Companies

A number of hedge funds and other institutional investors have recently modified their holdings of TRV. Douglas Lane & Associates LLC bought a new position in Travelers Companies during the third quarter valued at about $203,000. Trust Point Inc. acquired a new stake in Travelers Companies in the 3rd quarter valued at about $326,000. Corsicana & Co. bought a new position in shares of Travelers Companies during the 3rd quarter valued at about $1,594,000. Focus Financial Network Inc. boosted its position in shares of Travelers Companies by 2.6% during the 3rd quarter. Focus Financial Network Inc. now owns 8,289 shares of the insurance provider’s stock valued at $2,315,000 after purchasing an additional 208 shares in the last quarter. Finally, IVC Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the 3rd quarter worth approximately $210,000. 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.