Barclays Has Lowered Expectations for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its target price lowered by stock analysts at Barclays from $295.00 to $278.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Barclays‘s price target would suggest a potential upside of 15.19% from the company’s previous close.

Several other research analysts have also commented on TRV. UBS Group boosted their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Finally, Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $253.45.

Travelers Companies Stock Performance

NYSE TRV opened at $241.33 on Monday. The company’s 50 day simple moving average is $251.20 and its two-hundred day simple moving average is $234.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. Travelers Companies has a 1 year low of $189.87 and a 1 year high of $269.55. The stock has a market capitalization of $54.79 billion, a PE ratio of 12.38, a P/E/G ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the business posted $1.95 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Analysts predict that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. This trade represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 in the last 90 days. Company insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake in Travelers Companies in the second quarter worth $25,000. Wolff Wiese Magana LLC boosted its holdings in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth about $41,000. Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies in the 3rd quarter worth about $50,000. Finally, Versant Capital Management Inc lifted its position in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 shares during the period. Institutional investors own 82.45% of the company’s stock.

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.