The Goldman Sachs Group Increases Travelers Companies (NYSE:TRV) Price Target to $245.00

Travelers Companies (NYSE:TRV) had its target price hoisted by investment analysts at The Goldman Sachs Group from $216.00 to $245.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “sell” rating on the insurance provider’s stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 4.80% from the company’s current price.

Several other research firms also recently commented on TRV. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday. 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 report on Friday, July 19th. Roth Mkm boosted their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $257.35 on Tuesday. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $269.55. The firm has a market capitalization of $58.66 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.40 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.33. The company’s fifty day moving average price is $234.71 and its 200 day moving average price is $220.20.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 EPS. As a group, sell-side analysts predict that Travelers Companies will post 17.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at $446,671.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after buying an additional 25,575 shares during the period. Atlas Capital Advisors LLC lifted its stake in shares of Travelers Companies by 65.9% during the 1st quarter. Atlas Capital Advisors LLC now owns 413 shares of the insurance provider’s stock worth $95,000 after purchasing an additional 164 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Travelers Companies by 264.1% during the first quarter. Sunbelt Securities Inc. now owns 1,318 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 956 shares during the last quarter. Brookstone Capital Management grew its position in shares of Travelers Companies by 16.2% in the first quarter. Brookstone Capital Management now owns 1,630 shares of the insurance provider’s stock valued at $375,000 after purchasing an additional 227 shares during the period. Finally, Sovereign Financial Group Inc. acquired a new position in Travelers Companies in the first quarter valued at $227,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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.