Wells Fargo & Company Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock

Travelers Companies (NYSE:TRV) had its target price boosted by research analysts at Wells Fargo & Company from $247.00 to $260.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 1.84% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group lifted their target price on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, April 11th. UBS Group lowered their price target on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Evercore ISI boosted their target price on Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday. Three investment 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $267.32.

Travelers Companies Price Performance

NYSE TRV traded up $2.83 during trading on Thursday, reaching $255.31. 443,574 shares of the company traded hands, compared to its average volume of 1,304,772. The stock’s 50 day moving average price is $251.88 and its two-hundred day moving average price is $249.07. Travelers Companies has a 1-year low of $200.21 and a 1-year high of $269.56. The company has a market cap of $57.89 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 4.65 and a beta of 0.48. 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 results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. During the same period in the previous year, the business posted $4.69 earnings per share. As a group, analysts anticipate that Travelers Companies will post 17.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after acquiring an additional 117,108 shares during the last quarter. FMR LLC grew its holdings in Travelers Companies by 1.6% during the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock worth $3,439,392,000 after acquiring an additional 229,160 shares during the last quarter. Geode Capital Management LLC increased its holdings in Travelers Companies by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider’s stock valued at $1,269,321,000 after purchasing an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Travelers Companies by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider’s stock worth $903,937,000 after acquiring an additional 70,036 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Travelers Companies by 236.9% in the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after purchasing an additional 2,466,098 shares during the period. 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.