Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Travelers Companies (NYSE:TRV) had its target price upped by equities research analysts at Cantor Fitzgerald from $308.00 to $316.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the insurance provider’s stock. Cantor Fitzgerald’s target price points to a potential upside of 15.98% from the company’s previous close.

A number of other brokerages have also issued reports on TRV. Piper Sandler upped their target price on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, January 7th. Evercore ISI raised their price objective on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. Finally, Zacks Research cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $299.69.

Travelers Companies Stock Up 0.5%

Travelers Companies stock traded up $1.25 during midday trading on Wednesday, hitting $272.45. 152,269 shares of the stock were exchanged, compared to its average volume of 1,532,688. Travelers Companies has a 1 year low of $230.43 and a 1 year high of $296.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market cap of $60.77 billion, a P/E ratio of 10.71, a P/E/G ratio of 2.68 and a beta of 0.52. The company has a 50 day moving average price of $286.81 and a two-hundred day moving average price of $275.29.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period last year, the firm earned $5.24 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts predict that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Maria Olivo sold 8,920 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total value of $2,637,911.60. Following the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at $34,776,665.08. This trade represents a 7.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares in the company, valued at $9,106,815.74. The trade was a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,295 shares of company stock valued at $13,011,918 in the last 90 days. Corporate insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TRV. Vanguard Group Inc. increased its stake in Travelers Companies by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock valued at $5,898,456,000 after buying an additional 313,449 shares during the period. JPMorgan Chase & Co. raised its holdings in Travelers Companies by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock worth $2,162,917,000 after purchasing an additional 119,481 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Travelers Companies by 1.0% in the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after buying an additional 54,363 shares during the period. Valeo Financial Advisors LLC raised its position in Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after acquiring an additional 3,611,758 shares in the last quarter. Finally, Norges Bank bought a new stake in Travelers Companies in the second quarter worth about $815,013,000. Institutional investors own 82.45% of the company’s stock.

About Travelers Companies

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.