StockNews.com Upgrades Travelers Companies (NYSE:TRV) to Buy

Travelers Companies (NYSE:TRV) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other research firms have also recently issued reports on TRV. Jefferies Financial Group upped their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Piper Sandler reduced their target price on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $254.85.

Travelers Companies Stock Down 4.2 %

Travelers Companies stock opened at $232.53 on Thursday. Travelers Companies has a 1-year low of $191.88 and a 1-year high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $250.73 and its two-hundred day moving average price is $234.59. The firm has a market capitalization of $52.79 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 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 analysts’ expectations of $11.46 billion. During the same period in the previous year, the business posted $1.95 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts predict that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 21.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction dated 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 sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 over the last ninety days. 1.33% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

A number of large investors have recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies in the 2nd quarter valued at about $25,000. Wolff Wiese Magana LLC raised its position in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the period. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth about $41,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies in the 3rd quarter valued at about $50,000. Finally, Versant Capital Management Inc increased its stake in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the period. Institutional investors own 82.45% of the company’s stock.

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.