Travelers Companies (NYSE:TRV) Price Target Increased to $235.00 by Analysts at Jefferies Financial Group

Travelers Companies (NYSE:TRV) had its price target increased by equities researchers at Jefferies Financial Group from $210.00 to $235.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the insurance provider’s stock. Jefferies Financial Group’s target price suggests a potential upside of 1.53% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. William Blair restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Finally, Morgan Stanley cut their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $228.11.

Travelers Companies Stock Up 0.5 %

Shares of Travelers Companies stock traded up $1.13 on Wednesday, reaching $231.47. 790,746 shares of the company were exchanged, compared to its average volume of 1,315,741. The company has a market capitalization of $52.76 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.24 and a beta of 0.62. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. Travelers Companies has a one year low of $157.33 and a one year high of $243.48. The company has a 50-day moving average of $226.64 and a 200 day moving average of $218.60.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same period last year, the company posted $0.06 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that Travelers Companies will post 17.16 earnings per share for the current year.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in Travelers Companies by 4.3% in the 4th quarter. Sei Investments Co. now owns 155,256 shares of the insurance provider’s stock valued at $29,572,000 after purchasing an additional 6,404 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Travelers Companies by 136.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 224,885 shares of the insurance provider’s stock valued at $42,838,000 after acquiring an additional 129,920 shares in the last quarter. Ethic Inc. boosted its holdings in shares of Travelers Companies by 15.6% during the 4th quarter. Ethic Inc. now owns 29,030 shares of the insurance provider’s stock valued at $5,530,000 after acquiring an additional 3,915 shares in the last quarter. Jacobi Capital Management LLC grew its position in Travelers Companies by 3.7% during the 4th quarter. Jacobi Capital Management LLC now owns 7,738 shares of the insurance provider’s stock worth $1,474,000 after acquiring an additional 275 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in Travelers Companies by 6,167.2% in the 4th quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock worth $63,596,000 after purchasing an additional 328,527 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

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.