Travelers Companies (NYSE:TRV) Price Target Raised to $244.00 at UBS Group

Travelers Companies (NYSE:TRV) had its price objective raised by UBS Group from $238.00 to $244.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. UBS Group’s price target indicates a potential upside of 0.42% from the stock’s previous close.

TRV has been the subject of several other research reports. Citigroup lifted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group upped their target price on shares of Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a research report on Wednesday, October 9th. Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley decreased their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $231.63.

Travelers Companies Stock Up 0.9 %

NYSE:TRV opened at $242.97 on Tuesday. The stock’s fifty day moving average price is $229.76 and its two-hundred day moving average price is $219.07. The company has a market cap of $55.64 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.23 and a beta of 0.62. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $243.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued 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). The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. On average, analysts anticipate that Travelers Companies will post 17.08 EPS for the current year.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB raised its stake in Travelers Companies by 38.7% in the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after purchasing an additional 95,451 shares in the last quarter. Cetera Investment Advisers grew its position in Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after buying an additional 35,560 shares in the last quarter. Wellington Management Group LLP grew its position in Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after buying an additional 25,575 shares in the last quarter. Nomura Holdings Inc. bought a new position in Travelers Companies during the 4th quarter worth $874,000. Finally, GAMMA Investing LLC raised its holdings in Travelers Companies by 162.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after acquiring an additional 3,050 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.