Travelers Companies (NYSE:TRV) Price Target Increased to $241.00 by Analysts at Bank of America

Travelers Companies (NYSE:TRV) had its target price hoisted by research analysts at Bank of America from $223.00 to $241.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “underperform” rating on the insurance provider’s stock. Bank of America‘s target price suggests a potential upside of 1.87% from the stock’s previous close.

A number of other equities analysts also recently issued reports on TRV. Deutsche Bank Aktiengesellschaft increased their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $206.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $230.89.

Travelers Companies Trading Up 1.4 %

Shares of TRV opened at $236.58 on Thursday. The firm has a market capitalization of $53.92 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.21 and a beta of 0.62. 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 has a 1-year low of $157.33 and a 1-year high of $243.48. The company has a 50-day moving average of $227.80 and a 200 day moving average of $218.87.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the prior year, the firm posted $0.06 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that Travelers Companies will post 17.2 EPS for the current year.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

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