Travelers Companies (NYSE:TRV) PT Raised to $216.00 at The Goldman Sachs Group

Travelers Companies (NYSE:TRV) had its price target hoisted by research analysts at The Goldman Sachs Group from $196.00 to $216.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “sell” rating on the insurance provider’s stock. The Goldman Sachs Group’s target price points to a potential downside of 6.58% from the company’s previous close.

TRV has been the topic of a number of other reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Barclays began coverage on Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price target for the company. Morgan Stanley decreased their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. increased their target price on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $227.26.

Travelers Companies Price Performance

Shares of NYSE TRV traded up $0.87 during mid-day trading on Wednesday, reaching $231.21. The company’s stock had a trading volume of 112,614 shares, compared to its average volume of 1,312,263. The stock has a fifty day moving average of $226.64 and a two-hundred day moving average of $218.60. The firm has a market capitalization of $52.70 billion, a PE ratio of 17.18, a P/E/G ratio of 1.24 and a beta of 0.62. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $243.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share. As a group, sell-side analysts anticipate that Travelers Companies will post 17.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds have recently added to or reduced their stakes in TRV. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies in the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies during the 1st quarter worth $35,000. Beacon Capital Management LLC increased its stake in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the first quarter valued at about $42,000. Finally, Tributary Capital Management LLC purchased a new stake in Travelers Companies in the first quarter worth about $45,000. 82.45% of the stock is currently owned by 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.