Travelers Companies (NYSE:TRV) Price Target Raised to $317.00 at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its price target lifted by stock analysts at Keefe, Bruyette & Woods from $305.00 to $317.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 11.53% from the stock’s previous close.

TRV has been the subject of a number of other reports. The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Travelers Companies in a report on Monday, December 29th. Barclays set a $313.00 target price on shares of Travelers Companies in a research report on Wednesday, October 8th. Finally, UBS Group increased their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $295.00.

Travelers Companies Stock Performance

TRV stock traded down $3.54 during trading on Tuesday, reaching $284.22. 500,965 shares of the stock were exchanged, compared to its average volume of 1,078,290. Travelers Companies has a twelve month low of $230.23 and a twelve month high of $296.85. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $63.40 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.52. The stock has a 50 day simple moving average of $285.49 and a 200-day simple moving average of $274.59.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS 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 firm had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the prior year, the firm posted $5.24 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current year.

Insider Activity

In related news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on 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 sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. The trade was a 48.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 46,295 shares of company stock worth $13,011,918. 1.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Avalon Trust Co lifted its holdings in Travelers Companies by 23.4% in the second quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock valued at $2,018,000 after buying an additional 1,429 shares during the period. CWM LLC raised its position in shares of Travelers Companies by 11.3% during the 3rd quarter. CWM LLC now owns 135,143 shares of the insurance provider’s stock valued at $37,735,000 after acquiring an additional 13,758 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Travelers Companies by 16.4% in the 2nd quarter. Cerity Partners LLC now owns 102,911 shares of the insurance provider’s stock valued at $27,533,000 after purchasing an additional 14,484 shares during the period. AQR Capital Management LLC boosted its position in shares of Travelers Companies by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,454,118 shares of the insurance provider’s stock worth $384,752,000 after purchasing an additional 22,382 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Travelers Companies by 9.3% during the first quarter. Focus Partners Wealth now owns 17,836 shares of the insurance provider’s stock worth $4,717,000 after purchasing an additional 1,522 shares during the period. 82.45% of the stock is owned by institutional investors.

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.