Mizuho Cuts Travelers Companies (NYSE:TRV) Price Target to $345.00

Travelers Companies (NYSE:TRV) had its target price decreased by equities research analysts at Mizuho from $348.00 to $345.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. Mizuho’s target price suggests a potential downside of 4.83% from the stock’s previous close.

Several other brokerages have also weighed in on TRV. Evercore set a $329.00 target price on shares of Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a research note on Monday, July 13th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Finally, Roth Capital upped their target price on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $355.32.

Travelers Companies Price Performance

Shares of NYSE TRV traded up $1.89 during trading on Wednesday, hitting $362.53. 437,185 shares of the company were exchanged, compared to its average volume of 1,648,457. The company has a market cap of $75.61 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 2.99 and a beta of 0.43. Travelers Companies has a 1 year low of $252.26 and a 1 year high of $398.70. The firm’s fifty day moving average price is $370.00 and its 200 day moving average price is $333.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter last year, the firm posted $6.51 EPS. The business’s revenue was up .3% compared to the same quarter last year. On average, sell-side analysts expect that Travelers Companies will post 33.86 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In other news, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Daniel Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,667 shares of company stock valued at $21,830,989 in the last ninety days. 1.39% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

Several hedge funds and other institutional investors have recently bought and sold shares of TRV. Berman McAleer LLC boosted its stake in Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 30 shares during the last quarter. Willner & Heller LLC boosted its position in Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after acquiring an additional 32 shares during the last quarter. Spinnaker Trust grew its stake in Travelers Companies by 1.7% during the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares in the last quarter. Avalon Trust Co lifted its stake in Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after purchasing an additional 35 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in shares of Travelers Companies by 2.1% during the 1st quarter. Wesbanco Bank Inc. now owns 1,780 shares of the insurance provider’s stock worth $519,000 after purchasing an additional 36 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Company Profile

Travelers Companies, Inc is an insurance provider that offers property and casualty coverage to individuals, businesses and organizations. The company operates through three primary segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance.

Its products and services include automobile and homeowners insurance, workers’ compensation, commercial property and casualty coverage, general and professional liability insurance, surety and fidelity bonds, and specialized insurance solutions for industries and businesses with complex risks.