The Travelers Companies, Inc. (NYSE:TRV) Receives $299.69 Consensus Price Target from Analysts

The Travelers Companies, Inc. (NYSE:TRV) has received a consensus rating of “Hold” from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $299.6875.

Several research firms have recently commented on TRV. Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 12th. Morgan Stanley lifted their price target on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Evercore ISI raised their price objective on Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group upgraded Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $278.25, for a total value of $6,956,250.00. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at $7,493,829. This represents a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,295 shares of company stock valued at $13,011,918 over the last quarter. Insiders own 1.46% of the company’s stock.

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Associated Banc Corp lifted its holdings in shares of Travelers Companies by 1.4% during the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock worth $731,000 after acquiring an additional 39 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Travelers Companies by 1.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock valued at $1,143,000 after purchasing an additional 40 shares in the last quarter. Ibex Wealth Advisors grew its stake in shares of Travelers Companies by 1.4% in the 3rd quarter. Ibex Wealth Advisors now owns 2,889 shares of the insurance provider’s stock valued at $807,000 after purchasing an additional 40 shares during the period. ORG Partners LLC raised its holdings in shares of Travelers Companies by 5.6% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after buying an additional 41 shares in the last quarter. Finally, Park Place Capital Corp lifted its position in shares of Travelers Companies by 33.1% during the 2nd quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock worth $44,000 after buying an additional 41 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $269.03 on Friday. The company has a 50 day moving average price of $286.41 and a 200 day moving average price of $275.44. The firm has a market capitalization of $60.01 billion, a P/E ratio of 10.58, a PEG ratio of 2.57 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. Travelers Companies has a 52 week low of $230.43 and a 52 week high of $296.85.

Travelers Companies (NYSE:TRV) last released its earnings results 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 company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. Travelers Companies’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.24 EPS. Sell-side analysts expect that Travelers Companies will post 17.02 EPS for the current year.

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.