Travelers Companies (NYSE:TRV) Price Target Raised to $300.00

Travelers Companies (NYSE:TRV) had its target price raised by equities researchers at Roth Mkm from $240.00 to $300.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. Roth Mkm’s target price indicates a potential upside of 15.75% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Piper Sandler cut their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Jefferies Financial Group increased their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a research note on Wednesday, October 9th. Finally, StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $247.45.

Travelers Companies Trading Down 0.2 %

Shares of NYSE TRV opened at $259.19 on Monday. The company has a market cap of $59.08 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.40 and a beta of 0.62. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $269.55. The business’s 50 day moving average price is $233.84 and its 200-day moving average price is $219.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, sell-side analysts expect that Travelers Companies will post 17.45 earnings per share for the current year.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael Frederick Klein sold 10,000 shares of the 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 transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1,715 shares in the company, valued at $446,671.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,465 shares of company stock valued at $13,681,936. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after buying an additional 3,158,979 shares during the last quarter. Acadian Asset Management LLC lifted its position in Travelers Companies by 356.4% during the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after acquiring an additional 678,241 shares during the period. International Assets Investment Management LLC grew its stake in shares of Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after purchasing an additional 518,075 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Travelers Companies during the first quarter worth $88,190,000. Finally, Renaissance Technologies LLC increased its stake in Travelers Companies by 324.9% in the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after buying an additional 230,612 shares during the period. 82.45% of the stock is 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.