Travelers Companies (NYSE:TRV) Upgraded by Jefferies Financial Group to “Hold” Rating

Travelers Companies (NYSE:TRV) was upgraded by Jefferies Financial Group to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Travelers Companies in a report on Monday, December 29th. Barclays dropped their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research note on Thursday. Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. Piper Sandler upped their price objective on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $298.38.

Travelers Companies Stock Performance

TRV stock opened at $284.01 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market cap of $63.35 billion, a PE ratio of 11.17, a P/E/G ratio of 2.71 and a beta of 0.52. The business has a 50 day moving average of $286.40 and a 200-day moving average of $274.85. Travelers Companies has a 12-month low of $230.23 and a 12-month high of $296.85.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping the consensus estimate of $6.01 by $2.13. The business had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.24 earnings per share. As a group, sell-side analysts expect that Travelers Companies will post 17.02 earnings per share for the current year.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 1,803 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $289.55, for a total transaction of $522,058.65. Following the completion of the sale, the insider directly owned 255,086 shares in the company, valued at approximately $73,860,151.30. The trade was a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 46,295 shares of company stock valued at $13,011,918. 1.46% of the stock is owned by company insiders.

Institutional Trading of Travelers Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC grew its position in shares of Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Osterweis Capital Management Inc. raised its position in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Missouri Trust & Investment Co boosted its stake in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Delos Wealth Advisors LLC bought a new stake in Travelers Companies during the second quarter valued at $27,000. Finally, Clayton Financial Group LLC purchased a new position in Travelers Companies during the third quarter worth about $28,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.