Keefe, Bruyette & Woods Has Lowered Expectations for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its price target decreased by Keefe, Bruyette & Woods from $273.00 to $268.00 in a report issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 15.25% from the stock’s previous close.

A number of other equities analysts have also weighed in on TRV. Jefferies Financial Group lifted their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Barclays cut their price target on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada upped their price target on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, UBS Group increased their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $254.85.

Travelers Companies Stock Down 4.2 %

TRV opened at $232.53 on Friday. The stock has a market capitalization of $52.79 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a one year low of $191.88 and a one year high of $269.55. The business’s 50-day simple moving average is $250.73 and its 200-day simple moving average is $234.77.

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

Insider Activity

In other news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock valued at $20,295,856 in the last three months. Corporate insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRV. State Street Corp lifted its stake in shares of Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after acquiring an additional 120,228 shares in the last quarter. FMR LLC increased its holdings in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after purchasing an additional 114,714 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after buying an additional 165,708 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Travelers Companies by 1.6% during the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after buying an additional 37,029 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.