Investment Analysts’ Recent Ratings Updates for The Travelers Companies (TRV)
The Travelers Companies (NYSE: TRV) was the recipient of a ratings changes during the seven days:
- The Travelers Companies had its “equalweight” rating reaffirmed by analysts at Evercore Partners. They now have a $70.00 price target on the stock.
- The Travelers Companies had its “overweight” rating reaffirmed by analysts at Barclays Capital. They now have a $79.00 price target on the stock.
- The Travelers Companies had its price target raised by analysts at JPMorgan Chase to $75.00. They wrote, “We are updating our EPS estimates for Travelers to reflect a number of factors. Specifically, we are raising our 2012 FY EPS estimate by $0.37 to $6.35 to reflect an upward revision to 3Q EPS estimate ($1.49 from $1.13) due to lower than average catastrophe loss experience (we now estimate $90.0 million pretax losses versus $296.7 million previously) and modestly stronger alternatives. In addition, we have raised our average repurchase price assumption, resulting in a slightly higher share count.”
- The Travelers Companies was downgraded by analysts at Goldman Sachs from a “conviction buy” rating to a “buy” rating. They now have a $75.00 price target on the stock.
- The Travelers Companies had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $68.00 price target on the stock.
- The Travelers Companies had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $73.00 price target on the stock.
Shares of The Travelers Companies, Inc. traded down 0.03% during mid-day trading on Monday, hitting $69.54. The Travelers Companies, Inc. has a one year low of $49.52 and a one year high of $70.00. The company has a market cap of $26.798 billion and a P/E ratio of 12.51.
The Travelers Companies, Inc. (TRV) is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, Government units, associations and individuals.
